Notable Wednesday Option Activity: CE, DVN, PH

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Celanese Corp (CE), where a total volume of 26,952 contracts has been traded thus far today, a contract volume which is representative of approximately 2.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 119.6% of CE's average daily trading volume over the past month, of 2.3 million shares..