Noteworthy Wednesday Option Activity: GOOGL, COP, JPM

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alphabet Inc (NASD: GOOGL), where a total of 25,750 contracts have traded so far, representing approximately 2.6 million underlying shares. That amounts to about 120.3% of GOOGL's average daily trading volume over the past month of 2.1 million shares. Especially high volume was seen for the $685 strike call option expiring October 16, 2015, with 2,440 contracts trading so far today, representing approximately 244,000 underlying shares of GOOGL. Below is a chart showing GOOGL's trailing twelve month trading history, with the $685 strike highlighted in orange: