Notable Monday Option Activity: AAP, DHI, DXC

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Advance Auto Parts Inc (AAP), where a total volume of 7,412 contracts has been traded thus far today, a contract volume which is representative of approximately 741,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 95.5% of AAP's average daily trading volume over the past month, of 775,970 shares..