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Notable Monday Option Activity: IBM, QCOM, ALGN

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in International Business Machines Corp (IBM), where a total volume of 28,880 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.1% of IBM's average daily trading volume over the past month, of 5.8 million shares..
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