Notable Tuesday Option Activity: UPLD, BGCP, ARCT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Upland Software Inc (UPLD), where a total volume of 8,782 contracts has been traded thus far today, a contract volume which is representative of approximately 878,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 315.1% of UPLD's average daily trading volume over the past month, of 278,730 shares..