Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Wyndham Worldwide Corp (NYSE: WYN), where a total volume of 7,606 contracts has been traded thus far today, a contract volume which is representative of approximately 760,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.1% of WYN's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $77.50 strike call option expiring August 19, 2016, with 3,691 contracts trading so far today, representing approximately 369,100 underlying shares of WYN. Below is a chart showing WYN's trailing twelve month trading history, with the $77.50 strike highlighted in orange:
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