Noteworthy Tuesday Option Activity: CHGG, ARCB, COHR
March 02, 2021 at 16:06 PM EST
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chegg Inc (CHGG), where a total volume of 10,251 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.9% of CHGG's average daily trading volume over the past month, of 2.3 million shares..