Notable Friday Option Activity: AMD, GPC, V

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Advanced Micro Devices Inc (AMD), where a total volume of 324,929 contracts has been traded thus far today, a contract volume which is representative of approximately 32.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49% of AMD's average daily trading volume over the past month, of 66.3 million shares..