Notable Friday Option Activity: PYPL, ANET, GILD
January 08, 2021 at 13:20 PM EST
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 47,986 contracts has been traded thus far today, a contract volume which is representative of approximately 4.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66% of PYPL's average daily trading volume over the past month, of 7.3 million shares..