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Notable Monday Option Activity: BLUE, BIGC, GRPN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in bluebird bio Inc (BLUE), where a total volume of 14,912 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 125.6% of BLUE's average daily trading volume over the past month, of 1.2 million shares..
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