Notable Thursday Option Activity: FDX, BAX, LLY

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in FedEx Corp (FDX), where a total volume of 4,877 contracts has been traded thus far today, a contract volume which is representative of approximately 487,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42% of FDX's average daily trading volume over the past month, of 1.2 million shares..
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