Noteworthy Wednesday Option Activity: UPST, JNJ, DK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Upstart Holdings Inc (Symbol: UPST), where a total volume of 48,483 contracts has been traded thus far today, a contract volume which is representative of approximately 4.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 93.1% of UPST's average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $22.50 strike call option expiring February 17, 2023, with 3,455 contracts trading so far today, representing approximately 345,500 underlying shares of UPST. Below is a chart showing UPST's trailing twelve month trading history, with the $22.50 strike highlighted in orange: