Noteworthy Friday Option Activity: JPM, FFIV, UPS

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in JPMorgan Chase & Co (JPM), where a total volume of 62,373 contracts has been traded thus far today, a contract volume which is representative of approximately 6.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.2% of JPM's average daily trading volume over the past month, of 14.1 million shares..
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