Notable Tuesday Option Activity: PAYX, WHR, RIG

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Paychex Inc (NASD: PAYX), where a total volume of 10,754 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57.4% of PAYX's average daily trading volume over the past month, of 1.9 million shares. Especially high volum...