Notable Tuesday Option Activity: GXO, SBUX, FL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GXO Logistics Inc (GXO), where a total volume of 4,913 contracts has been traded thus far today, a contract volume which is representative of approximately 491,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.4% of GXO's average daily trading volume over the past month, of 1.1 million shares..