Noteworthy Tuesday Option Activity: AAL, NEM, CBOE

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Airlines Group Inc (AAL), where a total volume of 22,924 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.9% of AAL's average daily trading volume over the past month, of 4.3 million shares..