Notable Friday Option Activity: GOOGL, MCD, NEM

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Alphabet Inc (GOOGL), where a total volume of 130,892 contracts has been traded thus far today, a contract volume which is representative of approximately 13.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.1% of GOOGL's average daily trading volume over the past month, of 24.2 million shares..