Notable Wednesday Option Activity: NEWR, VIRT, GOGO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in New Relic Inc (NEWR), where a total volume of 3,940 contracts has been traded thus far today, a contract volume which is representative of approximately 394,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.9% of NEWR's average daily trading volume over the past month, of 790,260 shares..
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