Noteworthy Wednesday Option Activity: MDLZ, BBBY, JPM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mondelez International Inc (MDLZ), where a total volume of 70,895 contracts has been traded thus far today, a contract volume which is representative of approximately 7.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 115.5% of MDLZ's average daily trading volume over the past month, of 6.1 million shares..