Noteworthy Wednesday Option Activity: COIN, COMM, AMC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Coinbase Global Inc (COIN), where a total volume of 134,184 contracts has been traded thus far today, a contract volume which is representative of approximately 13.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 143% of COIN's average daily trading volume over the past month, of 9.4 million shares..