Notable Wednesday Option Activity: PNC, MSFT, FDX
October 16, 2019 at 13:16 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PNC Financial Services Group (PNC), where a total volume of 13,177 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.2% of PNC's average daily trading volume over the past month, of 2.0 million shares..