Noteworthy Tuesday Option Activity: NKE, NRG, CZR

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Nike (NKE), where a total volume of 200,813 contracts has been traded thus far today, a contract volume which is representative of approximately 20.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 164.4% of NKE's average daily trading volume over the past month, of 12.2 million shares..