Notable Thursday Option Activity: TKO, TPX, ROOT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in TKO Group Holdings Inc (TKO), where a total volume of 6,359 contracts has been traded thus far today, a contract volume which is representative of approximately 635,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.7% of TKO's average daily trading volume over the past month, of 818,395 shares..