Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Northwest Pipe Co. (NWPX), where a total volume of 175 contracts has been traded thus far today, a contract volume which is representative of approximately 17,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.6% of NWPX's average daily trading volume over the past month, of 35,255 shares. Especially high volume was seen for the $40 strike call option expiring March 17, 2023, with 150 contracts trading so far today, representing approximately 15,000 underlying shares of NWPX. Below is a chart showing NWPX's trailing twelve month trading history, with the $40 strike highlighted in orange:

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Today's Most Active Call & Put Options of the S&P 500 »

Scorpio Tankers Inc (STNG) saw options trading volume of 9,108 contracts, representing approximately 910,800 underlying shares or approximately 49.1% of STNG's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $55 strike call option expiring February 17, 2023, with 1,648 contracts trading so far today, representing approximately 164,800 underlying shares of STNG. Below is a chart showing STNG's trailing twelve month trading history, with the $55 strike highlighted in orange:

And Walt Disney Co. (DIS) options are showing a volume of 56,051 contracts thus far today. That number of contracts represents approximately 5.6 million underlying shares, working out to a sizeable 49% of DIS's average daily trading volume over the past month, of 11.4 million shares. Especially high volume was seen for the $110 strike call option expiring April 21, 2023, with 2,265 contracts trading so far today, representing approximately 226,500 underlying shares of DIS. Below is a chart showing DIS's trailing twelve month trading history, with the $110 strike highlighted in orange: