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Notable Friday Option Activity: MSFT, RCL, FANG
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Microsoft Corporation (MSFT), where a total volume of 114,617 contracts has been traded thus far today, a contract volume which is representative of approximately 11.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46% of MSFT's average daily trading volume over the past month, of 24.9 million shares..
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