Notable Friday Option Activity: MNST, YUM, AZO

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Monster Beverage Corp (NASD: MNST), where a total volume of 27,876 contracts has been traded thus far today, a contract volume which is representative of approximately 2.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 347.1% of MNST's average daily trading volume over the past month, of 803,175 shares. Especially hig...