Notable Tuesday Option Activity: WMS, TWLO, SMG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Advanced Drainage Systems Inc (WMS), where a total volume of 5,553 contracts has been traded thus far today, a contract volume which is representative of approximately 555,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 93.1% of WMS's average daily trading volume over the past month, of 596,645 shares..