Notable Tuesday Option Activity: APA, LH, ED

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apache Corp (APA), where a total volume of 120,801 contracts has been traded thus far today, a contract volume which is representative of approximately 12.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 85.3% of APA's average daily trading volume over the past month, of 14.2 million shares..
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