Notable Friday Option Activity: IIPR, JACK, WDC

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 1,980 contracts has been traded thus far today, a contract volume which is representative of approximately 198,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 125.6% of IIPR's average daily trading volume over the past month, of 157,605 shares..
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