Noteworthy Tuesday Option Activity: OXY, ABNB, ORCL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Occidental Petroleum Corp (OXY), where a total volume of 58,124 contracts has been traded thus far today, a contract volume which is representative of approximately 5.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.6% of OXY's average daily trading volume over the past month, of 9.8 million shares..