Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Etsy Inc (ETSY), where a total volume of 26,251 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81.7% of ETSY's average daily trading volume over the past month, of 3.2 million shares..