Noteworthy Wednesday Option Activity: LITE, CVI, FDX
December 23, 2020 at 15:32 PM EST
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lumentum Holdings Inc (LITE), where a total volume of 17,626 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 176.7% of LITE's average daily trading volume over the past month, of 997,565 shares..