Noteworthy Thursday Option Activity: XRX, FBRT, CLW

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Xerox Holdings Corp (XRX), where a total volume of 18,627 contracts has been traded thus far today, a contract volume which is representative of approximately 1.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.4% of XRX's average daily trading volume over the past month, of 2.9 million shares..