Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lam Research Corp (LRCX), where a total volume of 13,057 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 125.2% of LRCX's average daily trading volume over the past month, of 1.0 million shares..

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