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Noteworthy Monday Option Activity: MS, AZO, MLM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Morgan Stanley (MS), where a total volume of 59,790 contracts has been traded thus far today, a contract volume which is representative of approximately 6.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 87.2% of MS's average daily trading volume over the past month, of 6.9 million shares..
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