Notable Tuesday Option Activity: TXT, OXY, EW

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Textron Inc (TXT), where a total volume of 4,972 contracts has been traded thus far today, a contract volume which is representative of approximately 497,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.5% of TXT's average daily trading volume over the past month, of 1.1 million shares..