Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sapiens International Corp NV (SPNS), where a total volume of 3,023 contracts has been traded thus far today, a contract volume which is representative of approximately 302,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 137.7% of SPNS's average daily trading volume over the past month, of 219,610 shares..