Notable Wednesday Option Activity: OKTA, BZH, NKE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Okta Inc (OKTA), where a total volume of 8,852 contracts has been traded thus far today, a contract volume which is representative of approximately 885,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.7% of OKTA's average daily trading volume over the past month, of 1.8 million shares..