Notable Friday Option Activity: AAP, XOM, SEI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Advance Auto Parts Inc (AAP), where a total volume of 7,353 contracts has been traded thus far today, a contract volume which is representative of approximately 735,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.7% of AAP's average daily trading volume over the past month, of 1.5 million shares..