Notable Wednesday Option Activity: CLF, FRPT, LVS
May 31, 2023 at 15:40 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cleveland-Cliffs Inc (CLF), where a total volume of 48,725 contracts has been traded thus far today, a contract volume which is representative of approximately 4.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.4% of CLF's average daily trading volume over the past month, of 8.8 million shares..