Noteworthy Tuesday Option Activity: SG, IBM, WAL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sweetgreen Inc (SG), where a total volume of 10,475 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.3% of SG's average daily trading volume over the past month, of 2.3 million shares..