Noteworthy Tuesday Option Activity: PYPL, AMGN, OXY

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (PYPL), where a total volume of 175,803 contracts has been traded thus far today, a contract volume which is representative of approximately 17.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 121.8% of PYPL's average daily trading volume over the past month, of 14.4 million shares..