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Noteworthy Friday Option Activity: VIVE, KTOS, UPS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Viveve Medical Inc (VIVE), where a total volume of 1,638 contracts has been traded thus far today, a contract volume which is representative of approximately 163,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.2% of VIVE's average daily trading volume over the past month, of 296,485 shares..
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