Notable Monday Option Activity: PYPL, MCD, CHD
August 30, 2021 at 13:42 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (PYPL), where a total volume of 220,112 contracts has been traded thus far today, a contract volume which is representative of approximately 22.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 395.5% of PYPL's average daily trading volume over the past month, of 5.6 million shares..