Noteworthy Wednesday Option Activity: TRV, T, HAS

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Travelers Companies Inc (TRV), where a total volume of 6,070 contracts has been traded thus far today, a contract volume which is representative of approximately 607,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.6% of TRV's average daily trading volume over the past month, of 1.5 million shares..