Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in QuantumScape Corp (QS), where a total volume of 69,732 contracts has been traded thus far today, a contract volume which is representative of approximately 7.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.1% of QS's average daily trading volume over the past month, of 14.8 million shares..