Noteworthy Thursday Option Activity: LLY, TTCF, RH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eli Lilly (LLY), where a total volume of 72,620 contracts has been traded thus far today, a contract volume which is representative of approximately 7.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 257.9% of LLY's average daily trading volume over the past month, of 2.8 million shares..