27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Zoom Video Comms.
Looking at options history for Zoom Video Comms (NASDAQ:ZM) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $112,263 and 8, calls, for a total amount of $393,940.
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 $100.0 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 $100.0 in the last 30 days.
Zoom Video Comms Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZM | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $64.2K | 813 | 200 |
| ZM | CALL | SWEEP | NEUTRAL | 01/19/24 | $60.00 | $64.0K | 813 | 100 |
| ZM | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $62.5K | 813 | 50 |
| ZM | PUT | SWEEP | BULLISH | 10/20/23 | $65.00 | $54.5K | 3.4K | 8 |
| ZM | CALL | TRADE | BULLISH | 01/19/24 | $60.00 | $54.1K | 813 | 208 |
Where Is Zoom Video Comms Standing Right Now?
- With a volume of 1,393,247, the price of ZM is up 1.48% at $68.57.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 83 days.
What The Experts Say On Zoom Video Comms:
- Wedbush downgraded its action to Neutral with a price target of $80
- Citigroup has decided to maintain their Sell rating on Zoom Video Comms, which currently sits at a price target of $66.
- RBC Capital downgraded its action to Outperform with a price target of $95
- Baird has decided to maintain their Outperform rating on Zoom Video Comms, which currently sits at a price target of $90.
- Mizuho downgraded its action to Buy with a price target of $100
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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