On the Russell 3000 index, significant options trading was observed today for several companies. Summit Therapeutics Inc (SMMT) recorded 18,796 contracts traded, equating to about 1.9 million underlying shares, which is 48.7% of its average daily volume of 3.9 million. The most notable activity was for the $27.50 strike call option expiring July 25, 2025, with 1,823 contracts traded, representing approximately 182,300 shares.
PepsiCo Inc (PEP) followed with 49,517 contracts, representing 5 million underlying shares, about 44.9% of its average daily volume of 11 million. The $135 strike call option expiring July 18, 2025, saw 3,488 contracts traded, translating to roughly 348,800 shares. Zoom Communications Inc (ZM) had 12,964 contracts traded, around 1.3 million underlying shares, or 43.9% of its average daily volume of 3 million. The $77 strike call option expiring July 25, 2025, led with 7,236 contracts, accounting for approximately 723,600 shares.
