Notable Wednesday Option Activity: PYPL, MCD, LRCX

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (PYPL), where a total volume of 141,421 contracts has been traded thus far today, a contract volume which is representative of approximately 14.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.5% of PYPL's average daily trading volume over the past month, of 21.6 million shares..
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