Noteworthy Monday Option Activity: APA, PEP, OXY

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in APA Corp (APA), where a total volume of 29,734 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.6% of APA's average daily trading volume over the past month, of 6.7 million shares..