Noteworthy Wednesday Option Activity: FCX, AMAT, HAS

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (FCX), where a total volume of 185,991 contracts has been traded thus far today, a contract volume which is representative of approximately 18.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 116.9% of FCX's average daily trading volume over the past month, of 15.9 million shares..
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