Notable Friday Option Activity: GOOGL, GD, HL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alphabet Inc (GOOGL), where a total volume of 204,795 contracts has been traded thus far today, a contract volume which is representative of approximately 20.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.8% of GOOGL's average daily trading volume over the past month, of 31.1 million shares..