Notable Monday Option Activity: FDX, HUM, APD

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in FedEx Corp (FDX), where a total volume of 9,233 contracts has been traded thus far today, a contract volume which is representative of approximately 923,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.7% of FDX's average daily trading volume over the past month, of 1.3 million shares..