Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in APA Corp (APA), where a total volume of 34,726 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 69.7% of APA's average daily trading volume over the past month, of 5.0 million shares..