Notable Monday Option Activity: RCL, CDNS, SOC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Royal Caribbean Group (RCL), where a total volume of 8,418 contracts has been traded thus far today, a contract volume which is representative of approximately 841,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.2% of RCL's average daily trading volume over the past month, of 1.6 million shares..