Noteworthy Monday Option Activity: BMY, PWR, MCD

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Bristol Myers Squibb Co. (BMY), where a total volume of 75,494 contracts has been traded thus far today, a contract volume which is representative of approximately 7.5 million underlying shares (given that every 1 contract represents 100 underlying shares)..