Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Michael Kors Holdings Ltd (NYSE: KORS), where a total volume of 18,968 contracts has been traded thus far today, a contract volume which is representative of approximately 1.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.7% of KORS's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $60 strike call option expiring June 17, 2016, with 15,316 contracts trading so far today, representing approximately 1.5 million underlying shares of KORS. Below is a chart showing KORS's trailing twelve month trading history, with the $60 strike highlighted in orange:
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