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Noteworthy Friday Option Activity: NAVI, CABA, GRMN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Navient Corp (NAVI), where a total volume of 8,751 contracts has been traded thus far today, a contract volume which is representative of approximately 875,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 105.3% of NAVI's average daily trading volume over the past month, of 831,160 shares..
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