Noteworthy Thursday Option Activity: HSY, IBM, NTAP

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Hershey Company (HSY), where a total volume of 3,649 contracts has been traded thus far today, a contract volume which is representative of approximately 364,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.5% of HSY's average daily trading volume over the past month, of 858,130 shares..