Noteworthy Tuesday Option Activity: PEP, GS, AAL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PepsiCo Inc. (PEP), where a total volume of 20,920 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares)..