Notable Tuesday Option Activity: SAVA, CMA, ABNB

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cassava Sciences Inc (SAVA), where a total volume of 15,613 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.9% of SAVA's average daily trading volume over the past month, of 2.4 million shares..