Noteworthy Wednesday Option Activity: NFLX, BA, GOOGL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Netflix Inc (NFLX), where a total volume of 66,621 contracts has been traded thus far today, a contract volume which is representative of approximately 6.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.4% of NFLX's average daily trading volume over the past month, of 9.3 million shares..