Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lilly (Eli) & Co (LLY), where a total volume of 16,434 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.3% of LLY's average daily trading volume over the past month, of 3.4 million shares..