Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Kenvue Inc (KVUE), where a total volume of 86,786 contracts has been traded thus far today, a contract volume which is representative of approximately 8.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.7% of KVUE's average daily trading volume over the past month, of 17.8 million shares..