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Noteworthy Friday Option Activity: COF, MDGL, DAL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Capital One Financial Corp (COF), where a total volume of 11,644 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.2% of COF's average daily trading volume over the past month, of 2.6 million shares..
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