Unpacking the Latest Options Trading Trends in Zoom Video Comms

Author: Benzinga Insights | June 13, 2024 12:01pm

Investors with a lot of money to spend have taken a bearish stance on Zoom Video Comms (NASDAQ: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 10 uncommon options trades for Zoom Video Comms.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $250,486, and 3 are calls, for a total amount of $143,440.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $65.0 for Zoom Video Comms over the recent three months.

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 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 $55.0 to $65.0 in the last 30 days.

Zoom Video Comms 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
ZM	CALL	SWEEP	NEUTRAL	12/18/26	$15.6	$13.35	$13.35	$65.00	$85.4K	12	54
ZM	PUT	SWEEP	BEARISH	08/16/24	$6.3	$6.2	$6.3	$65.00	$69.3K	2.3K	218
ZM	PUT	TRADE	BULLISH	09/20/24	$1.98	$1.91	$1.91	$55.00	$47.7K	635	21
ZM	CALL	SWEEP	BULLISH	01/17/25	$6.55	$6.4	$6.5	$60.00	$32.5K	465	13
ZM	PUT	SWEEP	BEARISH	07/05/24	$6.15	$5.2	$5.75	$65.00	$30.4K	2	1

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.

Where Is Zoom Video Comms Standing Right Now?

• Currently trading with a volume of 1,742,753, the ZM's price is down by -2.85%, now at $58.8.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 67 days.

Expert Opinions on Zoom Video Comms

5 market experts have recently issued ratings for this stock, with a consensus target price of $75.4.

• Maintaining their stance, an analyst from Wells Fargo continues to hold a Underweight rating for Zoom Video Comms, targeting a price of $60.
• An analyst from Citigroup persists with their Neutral rating on Zoom Video Comms, maintaining a target price of $77.
• An analyst from Baird has decided to maintain their Outperform rating on Zoom Video Comms, which currently sits at a price target of $84.
• An analyst from Rosenblatt persists with their Buy rating on Zoom Video Comms, maintaining a target price of $78.
• An analyst from Bernstein persists with their Market Perform rating on Zoom Video Comms, maintaining a target price of $78.

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.

Posted In: ZM