Notable Thursday Option Activity: EL, SBUX, FDX

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Estee Lauder Cos., Inc. (EL), where a total volume of 8,378 contracts has been traded thus far today, a contract volume which is representative of approximately 837,800 underlying shares (given that every 1 contract represents 100 underlying shares)..