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Notable Tuesday Option Activity: FDX, ERII, MTN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in FedEx Corp (FDX), where a total volume of 16,860 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 89.4% of FDX's average daily trading volume over the past month, of 1.9 million shares..
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