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Noteworthy Monday Option Activity: BAC, ADM, OXY

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Bank of America Corp (BAC), where a total volume of 275,989 contracts has been traded thus far today, a contract volume which is representative of approximately 27.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.9% of BAC's average daily trading volume over the past month, of 58.8 million shares..
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