Notable Wednesday Option Activity: MJN, M, UAA

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mead Johnson Nutrition Co (MJN), where a total volume of 7,879 contracts has been traded thus far today, a contract volume which is representative of approximately 787,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 69% of MJN's average daily trading volume over the past month, of 1.1 million shares..
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