Noteworthy Wednesday Option Activity: W, CVRX, BTU

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Wayfair Inc (W), where a total volume of 35,824 contracts has been traded thus far today, a contract volume which is representative of approximately 3.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86.6% of W's average daily trading volume over the past month, of 4.1 million shares..