High-rolling investors have positioned themselves bearish on Zoom Communications ZM, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ZM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 24 options trades for Zoom Communications. This is not a typical pattern.
The sentiment among these major traders is split, with 29% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $59,325, and 23 calls, totaling $5,473,185.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $125.0 for Zoom Communications over the last 3 months.
Insights into Volume & Open Interest
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 Communications'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 Communications's whale trades within a strike price range from $65.0 to $125.0 in the last 30 days.
Zoom Communications Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZM | CALL | SWEEP | NEUTRAL | 03/21/25 | $21.55 | $20.75 | $21.18 | $65.00 | $877.7K | 2.7K | 2.3K |
| ZM | CALL | SWEEP | BEARISH | 03/21/25 | $21.9 | $21.0 | $21.17 | $65.00 | $787.5K | 2.7K | 1.9K |
| ZM | CALL | SWEEP | BEARISH | 03/21/25 | $21.6 | $21.05 | $21.21 | $65.00 | $731.4K | 2.7K | 740 |
| ZM | CALL | TRADE | BEARISH | 03/21/25 | $21.5 | $21.25 | $21.32 | $65.00 | $334.7K | 2.7K | 996 |
| ZM | CALL | TRADE | BEARISH | 03/21/25 | $21.75 | $21.4 | $21.49 | $65.00 | $326.6K | 2.7K | 1.2K |
About Zoom Communications
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.
Current Position of Zoom Communications
- Currently trading with a volume of 2,300,397, the ZM's price is up by 2.76%, now at $86.15.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 75 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zoom Communications options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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