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Notable Tuesday Option Activity: PEP, ADBE, MPC

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PepsiCo Inc (PEP), where a total volume of 33,015 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80% of PEP's average daily trading volume over the past month, of 4.1 million shares..
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