Noteworthy Tuesday Option Activity: NVDA, QCOM, PSX

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in NVIDIA Corp (NVDA), where a total volume of 53,512 contracts has been traded thus far today, a contract volume which is representative of approximately 5.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54% of NVDA's average daily trading volume over the past month, of 9.9 million shares..
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