Noteworthy Thursday Option Activity: TGT, GS, ORCL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Target Corp (TGT), where a total volume of 44,643 contracts has been traded thus far today, a contract volume which is representative of approximately 4.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.2% of TGT's average daily trading volume over the past month, of 6.4 million shares..