Notable Friday Option Activity: CPRI, IOVA, AGNC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Capri Holdings Ltd (CPRI), where a total volume of 61,750 contracts has been traded thus far today, a contract volume which is representative of approximately 6.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82% of CPRI's average daily trading volume over the past month, of 7.5 million shares..