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Notable Tuesday Option Activity: CXO, CME, CVLT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Concho Resources Inc (CXO), where a total volume of 7,815 contracts has been traded thus far today, a contract volume which is representative of approximately 781,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.8% of CXO's average daily trading volume over the past month, of 1.7 million shares..
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