Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Meta Platforms Inc (META), where a total volume of 288,455 contracts has been traded thus far today, a contract volume which is representative of approximately 28.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 203.5% of META's average daily trading volume over the past month, of 14.2 million shares. Particularly high volume was seen for the $540 strike call option expiring April 12, 2024, with 20,077 contracts trading so far today, representing approximately 2.0 million underlying shares of META. Below is a chart showing META's trailing twelve month trading history, with the $540 strike highlighted in orange:

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

Netflix Inc (NFLX) saw options trading volume of 48,092 contracts, representing approximately 4.8 million underlying shares or approximately 167.8% of NFLX's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $665 strike call option expiring April 12, 2024, with 1,990 contracts trading so far today, representing approximately 199,000 underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $665 strike highlighted in orange:

And Model N, Inc (MODN) saw options trading volume of 3,556 contracts, representing approximately 355,600 underlying shares or approximately 129.7% of MODN's average daily trading volume over the past month, of 274,250 shares. Especially high volume was seen for the $30 strike call option expiring August 16, 2024, with 2,204 contracts trading so far today, representing approximately 220,400 underlying shares of MODN. Below is a chart showing MODN's trailing twelve month trading history, with the $30 strike highlighted in orange: