Noteworthy Friday Option Activity: CLF, ZION, SFM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cleveland-Cliffs Inc (CLF), where a total volume of 33,783 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.1% of CLF's average daily trading volume over the past month, of 7.5 million shares..
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