Noteworthy Thursday Option Activity: APPS, ALDX, COIN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Digital Turbine Inc (APPS), where a total volume of 28,827 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 138.6% of APPS's average daily trading volume over the past month, of 2.1 million shares..