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Notable Wednesday Option Activity: PEP, ROST, LMT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PepsiCo Inc (PEP), where a total volume of 21,332 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.6% of PEP's average daily trading volume over the past month, of 3.6 million shares..
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