Notable Monday Option Activity: SOC, QCOM, GS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sable Offshore Corp (SOC), where a total volume of 5,380 contracts has been traded thus far today, a contract volume which is representative of approximately 538,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.8% of SOC's average daily trading volume over the past month, of 1.1 million shares..