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Noteworthy Monday Option Activity: M, BIGC, NDLS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Macy's Inc (M), where a total volume of 241,645 contracts has been traded thus far today, a contract volume which is representative of approximately 24.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 96% of M's average daily trading volume over the past month, of 25.2 million shares..
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