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Notable Thursday Option Activity: SAIL, VSAT, ELAN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SailPoint Technologies Holdings Inc (SAIL), where a total volume of 4,374 contracts has been traded thus far today, a contract volume which is representative of approximately 437,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.8% of SAIL's average daily trading volume over the past month, of 770,325 shares..
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