Notable Tuesday Option Activity: PYPL, ALGN, PSA
January 16, 2018 at 13:27 PM EST
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (PYPL), where a total volume of 29,584 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.3% of PYPL's average daily trading volume over the past month, of 7.2 million shares..