Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ServiceNow Inc (NOW), where a total volume of 11,891 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 94.2% of NOW's average daily trading volume over the past month, of 1.3 million shares..