Noteworthy Thursday Option Activity: QCOM, APA, KKR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Qualcomm Inc (QCOM), where a total volume of 32,839 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.8% of QCOM's average daily trading volume over the past month, of 7.2 million shares..