Zoom Video Comms Unusual Options Activity

Someone with a lot of money to spend has taken a bearish stance on Zoom Video Comms ZM.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 42 uncommon options trades for Zoom Video Comms.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.

Out of all of the special options we uncovered, 34 are puts, for a total amount of $3,114,980, and 8 are calls, for a total amount of $643,830.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $125.0 for Zoom Video Comms over the last 3 months.

Volume & Open Interest Development

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 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 activity within a strike price range from $60.0 to $125.0 in the last 30 days.

Zoom Video Comms Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ZM PUT TRADE BULLISH 08/18/23 $100.00 $1.4M 177 500
ZM CALL TRADE BULLISH 04/21/23 $75.00 $355.0K 465 502
ZM PUT TRADE BEARISH 03/17/23 $73.00 $173.9K 174 450
ZM PUT TRADE BULLISH 06/16/23 $80.00 $97.5K 5.0K 250
ZM PUT SWEEP BEARISH 06/16/23 $75.00 $94.1K 5.4K 1.0K

Where Is Zoom Video Comms Standing Right Now?

  • With a volume of 2,103,913, the price of ZM is down -0.25% at $73.75.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Zoom Video Comms:

  • RBC Capital has decided to maintain their Outperform rating on Zoom Video Comms, which currently sits at a price target of $95.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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