Financial giants have made a conspicuous bearish move on Zoom Video Comms. Our analysis of options history for Zoom Video Comms ZM revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $198,112, and 5 were calls, valued at $242,514.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $70.0 for Zoom Video Comms over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Zoom Video Comms stands at 591.0, with a total volume reaching 2,361.00. 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 $45.0 to $70.0, throughout the last 30 days.
Zoom Video Comms Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZM | PUT | SWEEP | BULLISH | 04/19/24 | $6.05 | $6.0 | $6.0 | $70.00 | $133.8K | 1.4K | 5 |
| ZM | CALL | TRADE | BEARISH | 01/16/26 | $28.35 | $26.3 | $26.3 | $45.00 | $65.7K | 113 | 25 |
| ZM | CALL | SWEEP | BEARISH | 05/03/24 | $0.63 | $0.62 | $0.63 | $68.00 | $64.9K | 56 | 1.3K |
| ZM | CALL | TRADE | BEARISH | 08/16/24 | $8.55 | $8.4 | $8.45 | $60.00 | $42.2K | 654 | 50 |
| ZM | CALL | SWEEP | BEARISH | 05/03/24 | $0.7 | $0.66 | $0.66 | $68.00 | $39.3K | 56 | 620 |
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.
Having examined the options trading patterns of Zoom Video Comms, 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 Video Comms
- Trading volume stands at 1,895,404, with ZM's price up by 1.31%, positioned at $63.84.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 41 days.
Expert Opinions on Zoom Video Comms
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $72.5.
- Reflecting concerns, an analyst from Rosenblatt lowers its rating to Neutral with a new price target of $75.
- An analyst from Jefferies downgraded its action to Hold with a price target of $70.
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.
© 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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