Notable Friday Option Activity: DELL, CLFD, MSM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dell Technologies Inc (DELL), where a total volume of 41,046 contracts has been traded thus far today, a contract volume which is representative of approximately 4.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 60.3% of DELL's average daily trading volume over the past month, of 6.8 million shares..