Noteworthy Thursday Option Activity: EL, MO, VLO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Estee Lauder Cos., Inc. (EL), where a total volume of 14,239 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares)..