Notable Monday Option Activity: V, DVA, RRC

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Visa Inc (V), where a total volume of 34,851 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.3% of V's average daily trading volume over the past month, of 7.5 million shares..