Notable Friday Option Activity: PANW, UVV, MA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Palo Alto Networks, Inc (PANW), where a total volume of 6,717 contracts has been traded thus far today, a contract volume which is representative of approximately 671,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 79% of PANW's average daily trading volume over the past month, of 850,050 shares..