Notable Wednesday Option Activity: PCLN, UPS, CMG

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Priceline Group Inc. (NASD: PCLN), where a total volume of 17,521 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 241.2% of PCLN's average daily trading volume over the past month, of 726,475 shares. Particularly hi...