Noteworthy Thursday Option Activity: ESTC, WORK, TJX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Elastic NV (ESTC), where a total volume of 6,603 contracts has been traded thus far today, a contract volume which is representative of approximately 660,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.6% of ESTC's average daily trading volume over the past month, of 819,585 shares..