Noteworthy Monday Option Activity: LMND, RIVN, KSS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lemonade Inc (LMND), where a total volume of 5,439 contracts has been traded thus far today, a contract volume which is representative of approximately 543,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.7% of LMND's average daily trading volume over the past month, of 1.2 million shares..