Noteworthy Monday Option Activity: CNM, HRL, DIS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Core & Main Inc (CNM), where a total volume of 11,098 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 40.9% of CNM's average daily trading volume over the past month, of 2.7 million shares..