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 trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Zoom Video Comms.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $228,725, and 3 are calls, for a total amount of $129,195.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $70.0 for Zoom Video Comms during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Zoom Video Comms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Zoom Video Comms's significant trades, within a strike price range of $50.0 to $70.0, over the past month.
Zoom Video Comms Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZM | PUT | SWEEP | BULLISH | 05/24/24 | $2.38 | $2.37 | $2.38 | $61.00 | $103.0K | 30 | 1 |
| ZM | CALL | TRADE | BEARISH | 06/07/24 | $2.74 | $2.7 | $2.7 | $64.00 | $54.0K | 49 | 5 |
| ZM | CALL | TRADE | BEARISH | 06/07/24 | $2.69 | $2.61 | $2.61 | $64.00 | $45.6K | 49 | 397 |
| ZM | PUT | TRADE | BULLISH | 01/17/25 | $4.15 | $3.9 | $4.0 | $55.00 | $35.2K | 2.1K | 165 |
| ZM | PUT | SWEEP | BEARISH | 06/20/25 | $7.55 | $7.5 | $7.55 | $60.00 | $33.2K | 527 | 0 |
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.
Present Market Standing of Zoom Video Comms
- With a trading volume of 3,036,309, the price of ZM is down by -1.8%, reaching $61.7.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 17 days from now.
What Analysts Are Saying About Zoom Video Comms
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $75.0.
- Showing optimism, an analyst from Rosenblatt upgrades its rating to Buy with a revised 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.
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