Notable Monday Option Activity: AA, MU, CHS
October 18, 2021 at 15:29 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alcoa Corporation (AA), where a total volume of 51,953 contracts has been traded thus far today, a contract volume which is representative of approximately 5.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.8% of AA's average daily trading volume over the past month, of 8.4 million shares..