Noteworthy Tuesday Option Activity: PETQ, PLNT, HD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PetIQ Inc (PETQ), where a total volume of 1,278 contracts has been traded thus far today, a contract volume which is representative of approximately 127,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.6% of PETQ's average daily trading volume over the past month, of 204,045 shares..