Noteworthy Friday Option Activity: STX, COO, XOM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Seagate Technology plc (STX), where a total volume of 9,738 contracts has been traded thus far today, a contract volume which is representative of approximately 973,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.7% of STX's average daily trading volume over the past month, of 1.8 million shares..