Notable Wednesday Option Activity: AMZN, RL, JWN

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Amazon.com Inc. (NASD: AMZN), where a total volume of 118,262 contracts has been traded thus far today, a contract volume which is representative of approximately 11.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 256.6% of AMZN's average daily trading volume over the past month, of 4.6 million shares. Particularly h...