Notable Thursday Option Activity: IBM, PANW, LW

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in International Business Machines Corp (IBM), where a total of 25,037 contracts have traded so far, representing approximately 2.5 million underlying shares. That amounts to about 70.7% of IBM's average daily trading volume over the past month of 3.5 million shares..