Notable Wednesday Option Activity: NBR, APLD, BMY

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nabors Industries Ltd (NBR), where a total volume of 2,607 contracts has been traded thus far today, a contract volume which is representative of approximately 260,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 74.1% of NBR's average daily trading volume over the past month, of 351,825 shares..