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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Advance Auto Parts Inc (Symbol: AAP), where a total volume of 9,352 contracts has been traded thus far today, a contract volume which is representative of approximately 935,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.8% of AAP's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $50 strike put option expiring September 20, 2024, with 6,372 contracts trading so far today, representing approximately 637,200 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $50 strike highlighted in orange:

Vornado Realty Trust (Symbol: VNO) saw options trading volume of 11,257 contracts, representing approximately 1.1 million underlying shares or approximately 66% of VNO's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $29 strike call option expiring August 16, 2024, with 5,094 contracts trading so far today, representing approximately 509,400 underlying shares of VNO. Below is a chart showing VNO's trailing twelve month trading history, with the $29 strike highlighted in orange:

And Five Below Inc (Symbol: FIVE) saw options trading volume of 8,908 contracts, representing approximately 890,800 underlying shares or approximately 64.7% of FIVE's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $100 strike put option expiring July 19, 2024, with 7,528 contracts trading so far today, representing approximately 752,800 underlying shares of FIVE. Below is a chart showing FIVE's trailing twelve month trading history, with the $100 strike highlighted in orange:

For the various different available expirations for AAP options, VNO options, or FIVE options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.