Noteworthy Tuesday Option Activity: KNTK, PLTR, CNMD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Kinetik Holdings Inc (KNTK), where a total volume of 4,275 contracts has been traded thus far today, a contract volume which is representative of approximately 427,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.2% of KNTK's average daily trading volume over the past month, of 608,805 shares..