Noteworthy Friday Option Activity: FDX, COF, UNP
August 06, 2021 at 13:18 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in FedEx Corp (FDX), where a total volume of 16,247 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81.2% of FDX's average daily trading volume over the past month, of 2.0 million shares..