Notable Tuesday Option Activity: MCD, XLNX, CERN

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in McDonald's Corp (MCD), where a total volume of 9,749 contracts has been traded thus far today, a contract volume which is representative of approximately 974,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.2% of MCD's average daily trading volume over the past month, of 2.3 million shares..