Notable Thursday Option Activity: GXO, MSFT, AMZN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GXO Logistics Inc (GXO), where a total volume of 17,529 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 126.4% of GXO's average daily trading volume over the past month, of 1.4 million shares..