Noteworthy Tuesday Option Activity: SQ, AMT, COIN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Block Inc (SQ), where a total volume of 60,964 contracts has been traded thus far today, a contract volume which is representative of approximately 6.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.7% of SQ's average daily trading volume over the past month, of 5.6 million shares..