Noteworthy Friday Option Activity: KSU, FDX, REGN

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Kansas City Southern (KSU), where a total volume of 7,003 contracts has been traded thus far today, a contract volume which is representative of approximately 700,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.6% of KSU's average daily trading volume over the past month, of 926,330 shares..