Notable Friday Option Activity: WFC, OXY, CLX

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Wells Fargo & Co (WFC), where a total volume of 268,320 contracts has been traded thus far today, a contract volume which is representative of approximately 26.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 99.3% of WFC's average daily trading volume over the past month, of 27.0 million shares..