Noteworthy Wednesday Option Activity: GOOG, META, DIS

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Alphabet Inc (GOOG), where a total volume of 481,868 contracts has been traded thus far today, a contract volume which is representative of approximately 48.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 284.6% of GOOG's average daily trading volume over the past month, of 16.9 million shares..