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Noteworthy Friday Option Activity: IIPR, TEAM, DVA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Innovative Industrial Properties Inc (IIPR), where a total volume of 1,597 contracts has been traded thus far today, a contract volume which is representative of approximately 159,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.3% of IIPR's average daily trading volume over the past month, of 269,355 shares..
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