Notable Tuesday Option Activity: NKE, BX, MS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nike (NKE), where a total volume of 53,110 contracts has been traded thus far today, a contract volume which is representative of approximately 5.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.3% of NKE's average daily trading volume over the past month, of 11.2 million shares..