Notable Thursday Option Activity: PYPL, APC, MAT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (NASD: PYPL), where a total volume of 53,504 contracts has been traded thus far today, a contract volume which is representative of approximately 5.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57.5% of PYPL's average daily trading volume over the past month, of 9.3 million shares. Particularly ...