Notable Friday Option Activity: JPM, BKD, PLCE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in JPMorgan Chase & Co (JPM), where a total volume of 74,296 contracts has been traded thus far today, a contract volume which is representative of approximately 7.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.8% of JPM's average daily trading volume over the past month, of 16.6 million shares..
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