Noteworthy Monday Option Activity: ZM, MED, LUV

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zoom Video Communications Inc (ZM), where a total volume of 19,023 contracts has been traded thus far today, a contract volume which is representative of approximately 1.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.7% of ZM's average daily trading volume over the past month, of 3.8 million shares..