Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Smith & Wesson Brands Inc (SWBI), where a total volume of 9,599 contracts has been traded thus far today, a contract volume which is representative of approximately 959,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 225.5% of SWBI's average daily trading volume over the past month, of 425,660 shares..