Noteworthy Tuesday Option Activity: CLF, CBRL, RDFN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cleveland-Cliffs Inc (CLF), where a total volume of 75,996 contracts has been traded thus far today, a contract volume which is representative of approximately 7.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.6% of CLF's average daily trading volume over the past month, of 17.8 million shares..