Notable Wednesday Option Activity: XYZ, CRWD, MSFT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Block Inc (XYZ), where a total volume of 46,054 contracts has been traded thus far today, a contract volume which is representative of approximately 4.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 88% of XYZ's average daily trading volume over the past month, of 5.2 million shares..