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 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $361,809, and 2 are calls, for a total amount of $105,397.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $75.0 for Zoom Video Comms over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Zoom Video Comms stands at 1482.0, with a total volume reaching 12,100.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Zoom Video Comms, situated within the strike price corridor from $55.0 to $75.0, throughout the last 30 days.
Zoom Video Comms Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZM | PUT | TRADE | BULLISH | 06/21/24 | $55.00 | $98.0K | 2.1K | 1.0K |
| ZM | PUT | SWEEP | BEARISH | 05/17/24 | $60.00 | $82.2K | 3.1K | 199 |
| ZM | CALL | SWEEP | BEARISH | 07/19/24 | $60.00 | $80.3K | 66 | 78 |
| ZM | PUT | TRADE | BULLISH | 06/21/24 | $70.00 | $52.8K | 2.2K | 103 |
| ZM | PUT | SWEEP | BULLISH | 01/16/26 | $60.00 | $50.5K | 1.7K | 66 |
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.
Zoom Video Comms's Current Market Status
- With a volume of 1,233,588, the price of ZM is down -0.71% at $66.78.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 66 days.
What Analysts Are Saying About Zoom Video Comms
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $83.33333333333333.
- An analyst from Mizuho persists with their Buy rating on Zoom Video Comms, maintaining a target price of $90.
- Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Zoom Video Comms, targeting a price of $80.
- An analyst from JP Morgan has decided to maintain their Neutral rating on Zoom Video Comms, which currently sits at a price target of $80.
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 Video Comms options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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