Notable Wednesday Option Activity: AAPL, NOW, AXON

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apple Inc (AAPL), where a total volume of 406,849 contracts has been traded thus far today, a contract volume which is representative of approximately 40.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.6% of AAPL's average daily trading volume over the past month, of 61.1 million shares..