Notable Friday Option Activity: GTES, CAT, DVMT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Gates Industrial Corp PLC (GTES), where a total volume of 4,006 contracts has been traded thus far today, a contract volume which is representative of approximately 400,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.4% of GTES's average daily trading volume over the past month, of 642,470 shares..