Notable Tuesday Option Activity: LOW, NEE, INTU

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lowe's Companies Inc (LOW), where a total volume of 31,018 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.5% of LOW's average daily trading volume over the past month, of 5.0 million shares..