Spotlight on Zoom Communications: Analyzing the Surge in Options Activity

Whales with a lot of money to spend have taken a noticeably bearish stance on Zoom Communications.

Looking at options history for Zoom Communications ZM we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $425,400 and 7, calls, for a total amount of $381,490.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $100.0 for Zoom Communications during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $55.0 to $100.0 in the last 30 days.

Zoom Communications 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Zoom Communications, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Zoom Communications

• With a trading volume of 987,627, the price of ZM is down by -1.17%, reaching $76.87.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 53 days from now.

What The Experts Say On Zoom Communications

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $86.25.

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. * An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $95. * Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for Zoom Communications, targeting a price of $75. * An analyst from Barclays has decided to maintain their Equal-Weight rating on Zoom Communications, which currently sits at a price target of $80. * Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Zoom Communications, targeting a price of $95.

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.