Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Wells Fargo & Co (WFC), where a total volume of 203,759 contracts has been traded thus far today, a contract volume which is representative of approximately 20.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.2% of WFC's average daily trading volume over the past month, of 46.1 million shares..