Noteworthy Tuesday Option Activity: NEWR, HUBS, MIDD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in New Relic Inc (NEWR), where a total volume of 6,761 contracts has been traded thus far today, a contract volume which is representative of approximately 676,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.3% of NEWR's average daily trading volume over the past month, of 947,650 shares..