Noteworthy Friday Option Activity: ADBE, BLK, DD

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Adobe Inc (ADBE), where a total volume of 8,427 contracts has been traded thus far today, a contract volume which is representative of approximately 842,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.8% of ADBE's average daily trading volume over the past month, of 1.8 million shares..