Noteworthy Tuesday Option Activity: TRUE, LULU, PRTS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in TrueCar Inc (TRUE), where a total volume of 7,571 contracts has been traded thus far today, a contract volume which is representative of approximately 757,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 148.2% of TRUE's average daily trading volume over the past month, of 510,755 shares..