Notable Wednesday Option Activity: TKO, WGS, LH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in TKO Group Holdings Inc (TKO), where a total volume of 14,611 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 171.5% of TKO's average daily trading volume over the past month, of 851,855 shares..