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Notable Friday Option Activity: CIT, SPNS, V

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CIT Group Inc (CIT), where a total volume of 9,693 contracts has been traded thus far today, a contract volume which is representative of approximately 969,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.4% of CIT's average daily trading volume over the past month, of 1.7 million shares..
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