Noteworthy Wednesday Option Activity: COST, NFLX, META

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Costco Wholesale Corp (COST), where a total volume of 33,753 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 171.4% of COST's average daily trading volume over the past month, of 2.0 million shares..