Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Tiffany & Co. (NYSE: TIF), where a total of 24,007 contracts have traded so far, representing approximately 2.4 million underlying shares. That amounts to about 143.2% of TIF's average daily trading volume over the past month of 1.7 million shares. Particularly high volume was seen for the $72.50 strike call option expiring February 17, 2017, with 8,908 contracts trading so far today, representing approximately 890,800 underlying shares of TIF. Below is a chart showing TIF's trailing twelve month trading history, with the $72.50 strike highlighted in orange:
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