December 15th, 2015

Notable Friday Option Activity: BIIB, FDX, AAP

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..
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