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Noteworthy Monday Option Activity: RWT, WYNN, PETS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Redwood Trust Inc (RWT), where a total volume of 8,416 contracts has been traded thus far today, a contract volume which is representative of approximately 841,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81.1% of RWT's average daily trading volume over the past month, of 1.0 million shares..
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