Notable Friday Option Activity: MNST, GEHC, IBM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Monster Beverage Corp (MNST), where a total volume of 29,793 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 50.4% of MNST's average daily trading volume over the past month, of 5.9 million shares..