Notable Monday Option Activity: VZ, AMZN, IBM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Verizon Communications Inc (VZ), where a total volume of 244,142 contracts has been traded thus far today, a contract volume which is representative of approximately 24.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 179.2% of VZ's average daily trading volume over the past month, of 13.6 million shares..