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Notable Thursday Option Activity: APA, PHM, ISRG

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in APA Corp (APA), where a total volume of 39,713 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58% of APA's average daily trading volume over the past month, of 6.8 million shares..
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