Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Five Below Inc (FIVE), where a total volume of 9,010 contracts has been traded thus far today, a contract volume which is representative of approximately 901,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53% of FIVE's average daily trading volume over the past month, of 1.7 million shares..