Notable Thursday Option Activity: PAYX, CBOE, PENN

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Paychex Inc (PAYX), where a total volume of 5,856 contracts has been traded thus far today, a contract volume which is representative of approximately 585,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.5% of PAYX's average daily trading volume over the past month, of 1.4 million shares..
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