Notable Wednesday Option Activity: FCX, PYPL, NVDA

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Freeport-McMoran Copper & Gold (FCX), where a total of 161,398 contracts have traded so far, representing approximately 16.1 million underlying shares. That amounts to about 78.9% of FCX's average daily trading volume over the past month of 20.5 million shares..