Notable Friday Option Activity: BIIB, FDX, AAP
August 07, 2020 at 15:12 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Biogen Inc (BIIB), where a total volume of 24,936 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 242.4% of BIIB's average daily trading volume over the past month, of 1.0 million shares..