Noteworthy Thursday Option Activity: SBUX, NOW, IBM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Starbucks Corp. (SBUX), where a total volume of 92,741 contracts has been traded thus far today, a contract volume which is representative of approximately 9.3 million underlying shares (given that every 1 contract represents 100 underlying shares)..