Notable Wednesday Option Activity: UBER, FLR, CSCO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Uber Technologies Inc (UBER), where a total volume of 251,810 contracts has been traded thus far today, a contract volume which is representative of approximately 25.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 78.9% of UBER's average daily trading volume over the past month, of 31.9 million shares..