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Notable Wednesday Option Activity: ULTA, USAT, CIR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ulta Beauty Inc (ULTA), where a total volume of 2,838 contracts has been traded thus far today, a contract volume which is representative of approximately 283,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42% of ULTA's average daily trading volume over the past month, of 675,930 shares..
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