Notable Thursday Option Activity: LYV, BIIB, IBM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Live Nation Entertainment Inc (LYV), where a total volume of 9,447 contracts has been traded thus far today, a contract volume which is representative of approximately 944,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.4% of LYV's average daily trading volume over the past month, of 2.0 million shares..
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