Notable Wednesday Option Activity: LLY, WYNN, PAYC

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lilly (Eli) & Co (LLY), where a total volume of 29,957 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73.7% of LLY's average daily trading volume over the past month, of 4.1 million shares..