Noteworthy Monday Option Activity: VIAC, DRI, NUE

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in ViacomCBS Inc (VIAC), where a total volume of 78,909 contracts has been traded thus far today, a contract volume which is representative of approximately 7.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.8% of VIAC's average daily trading volume over the past month, of 12.0 million shares..