Investors with a lot of money to spend have taken a bullish stance on Zoom Video Comms ZM.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ZM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Zoom Video Comms.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $255,990, and 7, calls, for a total amount of $269,810.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $65.0 for Zoom Video Comms, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Zoom Video Comms's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zoom Video Comms's whale trades within a strike price range from $60.0 to $65.0 in the last 30 days.
Zoom Video Comms Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZM | PUT | SWEEP | BEARISH | 07/19/24 | $5.35 | $5.3 | $5.3 | $65.00 | $255.9K | 1.3K | 592 |
| ZM | CALL | SWEEP | BEARISH | 06/21/24 | $5.9 | $5.8 | $5.8 | $60.00 | $49.3K | 1.5K | 225 |
| ZM | CALL | TRADE | NEUTRAL | 06/21/24 | $5.85 | $5.75 | $5.8 | $60.00 | $46.4K | 1.5K | 225 |
| ZM | CALL | TRADE | BULLISH | 01/16/26 | $15.4 | $15.25 | $15.4 | $60.00 | $46.2K | 312 | 33 |
| ZM | CALL | TRADE | BULLISH | 06/21/24 | $5.8 | $5.75 | $5.79 | $60.00 | $34.7K | 1.5K | 145 |
About Zoom Video Comms
Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video and connects users across various devices and locations in a single meeting. Zoom, which was founded in 2011 and is headquartered in San Jose, California, serves companies of all sizes from all industries around the world.
Having examined the options trading patterns of Zoom Video Comms, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Zoom Video Comms's Current Market Status
- Currently trading with a volume of 1,064,920, the ZM's price is up by 2.26%, now at $63.01.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 18 days.
What Analysts Are Saying About Zoom Video Comms
In the last month, 1 experts released ratings on this stock with an average target price of $75.0.
- An analyst from Rosenblatt upgraded its action to Buy with a price target of $75.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Zoom Video Comms, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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