Notable Wednesday Option Activity: ZM, DELL, IP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zoom Communications Inc (ZM), where a total volume of 25,564 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.6% of ZM's average daily trading volume over the past month, of 4.6 million shares..