Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Blackstone Inc (BX), where a total volume of 15,439 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.4% of BX's average daily trading volume over the past month, of 3.3 million shares..