Notable Tuesday Option Activity: WDC, LRCX, PYPL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Western Digital Corp (WDC), where a total volume of 36,165 contracts has been traded thus far today, a contract volume which is representative of approximately 3.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 87.2% of WDC's average daily trading volume over the past month, of 4.1 million shares..