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Notable Tuesday Option Activity: V, BAC, UAL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Visa Inc (V), where a total volume of 40,388 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.3% of V's average daily trading volume over the past month, of 9.1 million shares..
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