Notable Friday Option Activity: WFT, TSLA, TPX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Weatherford International plc (WFT), where a total volume of 280,092 contracts has been traded thus far today, a contract volume which is representative of approximately 28.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 266.8% of WFT's average daily trading volume over the past month, of 10.5 million shares..