Noteworthy Friday Option Activity: TPCO, TNDM, PAH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tribune Publishing Co (TPCO), where a total volume of 590 contracts has been traded thus far today, a contract volume which is representative of approximately 59,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.8% of TPCO's average daily trading volume over the past month, of 107,665 shares..