Notable Wednesday Option Activity: BLL, CAT, C

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Ball Corp (NYSE: BLL), where a total volume of 15,263 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 113.5% of BLL's average daily trading volume over the past month, of 1.3 million shares. Especially high volume w...