Noteworthy Monday Option Activity: CRUS, FRPT, LYFT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cirrus Logic Inc (CRUS), where a total volume of 3,365 contracts has been traded thus far today, a contract volume which is representative of approximately 336,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.7% of CRUS's average daily trading volume over the past month, of 638,295 shares..