Noteworthy Monday Option Activity: LOW, CVS, MTN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lowe's Companies Inc (LOW), where a total volume of 15,688 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.3% of LOW's average daily trading volume over the past month, of 2.3 million shares..