Noteworthy Thursday Option Activity: CI, BAC, NEM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Cigna Corp (CI), where a total volume of 6,553 contracts has been traded thus far today, a contract volume which is representative of approximately 655,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.2% of CI's average daily trading volume over the past month, of 1.4 million shares..