Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Netflix Inc (NFLX), where a total volume of 124,744 contracts has been traded thus far today, a contract volume which is representative of approximately 12.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 309.5% of NFLX's average daily trading volume over the past month, of 4.0 million shares..