Noteworthy Friday Option Activity: IP, BWA, WFC
July 15, 2016 at 14:27 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in International Paper Co (IP), where a total volume of 12,832 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45% of IP's average daily trading volume over the past month, of 2.9 million shares..