Notable Friday Option Activity: MSFT, WTW, DIS

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Microsoft Corporation (MSFT), where a total volume of 137,990 contracts has been traded thus far today, a contract volume which is representative of approximately 13.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58% of MSFT's average daily trading volume over the past month, of 23.8 million shares..