Noteworthy Friday Option Activity: INTU, YUM, AMAT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Intuit Inc (INTU), where a total volume of 5,304 contracts has been traded thus far today, a contract volume which is representative of approximately 530,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.7% of INTU's average daily trading volume over the past month, of 1.0 million shares..