Notable Monday Option Activity: HCC, FCX, EL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Warrior Met Coal Inc (HCC), where a total volume of 2,784 contracts has been traded thus far today, a contract volume which is representative of approximately 278,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.4% of HCC's average daily trading volume over the past month, of 642,160 shares..