Noteworthy Monday Option Activity: LLY, CAVA, CPRI
July 08, 2024 at 15:19 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eli Lilly (LLY), where a total volume of 34,649 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 121.3% of LLY's average daily trading volume over the past month, of 2.9 million shares..