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Noteworthy Friday Option Activity: PRGO, COF, PEP

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Perrigo Company plc (PRGO), where a total volume of 7,025 contracts has been traded thus far today, a contract volume which is representative of approximately 702,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.9% of PRGO's average daily trading volume over the past month, of 1.3 million shares..
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