Noteworthy Friday Option Activity: CVNA, STAA, IART

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Carvana Co (CVNA), where a total volume of 27,175 contracts has been traded thus far today, a contract volume which is representative of approximately 2.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 123.4% of CVNA's average daily trading volume over the past month, of 2.2 million shares..