Notable Friday Option Activity: CMCSA, CL, AZO

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Comcast Corp (CMCSA), where a total volume of 125,972 contracts has been traded thus far today, a contract volume which is representative of approximately 12.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.3% of CMCSA's average daily trading volume over the past month, of 23.6 million shares..