Notable Friday Option Activity: ELY, GILD, OLED

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Callaway Golf Co (ELY), where a total volume of 9,784 contracts has been traded thus far today, a contract volume which is representative of approximately 978,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.1% of ELY's average daily trading volume over the past month, of 2.2 million shares..
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