Highlights from Monday’s Significant Options Activity: SMMT, MAN, ZM

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Summit Therapeutics Inc (SMMT) experienced significant trading activity on its options today, with a total volume of 44,314 contracts, equating to approximately 4.4 million underlying shares. This volume represents 94.4% of SMMT’s average daily volume of 4.7 million shares over the past month. A notable portion of this activity included 8,721 contracts for the $16 strike call option set to expire on June 5, 2026, representing around 872,100 underlying shares.

Additionally, ManpowerGroup Inc (MAN) saw options trading volume of 7,788 contracts, or about 778,800 underlying shares, marking 88% of its average daily volume of 885,240 shares. The high trading activity was particularly evident for the $40 strike call option expiring June 18, 2026, with 6,810 contracts traded, representing approximately 681,000 underlying shares.

Zoom Communications Inc (ZM) recorded a trading volume of 46,765 contracts, roughly 4.7 million underlying shares, which is 85.4% of its average daily volume of 5.5 million shares. Noteworthy was the $115 strike call option expiring July 17, 2026, with 3,123 contracts traded, equivalent to around 312,300 underlying shares.

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