Benzinga | Jan 31, 2022 04:56PM EST

This Is What Whales Are Betting On Zoom Video Communications

A whale with a lot of money to spend has taken a noticeably bullish stance on Zoom Video Communications.

Looking at options history for Zoom Video Communications (NASDAQ:ZM) we detected 53 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, 35 are puts, for a total amount of $3,573,176 and 18, calls, for a total amount of $3,003,816.

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 $85.0 to $450.0 for Zoom Video Communications over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Zoom Video Communications'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 Communications's whale trades within a strike price range from $85.0 to $450.0 in the last 30 days.

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

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestZM CALL TRADE BEARISH 01/20/ $200.00 $1.8M 1.2K 1.0K 23ZM PUT TRADE BEARISH 01/20/ $290.00 $355.0K 4.6K 0 23ZM PUT TRADE NEUTRAL 09/16/ $290.00 $351.0K 26 26 22ZM PUT TRADE BULLISH 02/18/ $290.00 $350.0K 591 25 22ZM PUT SWEEP BEARISH 02/18/ $290.00 $346.2K 591 51 22

Where Is Zoom Video Communications Standing Right Now?

* With a volume of 3,394,663, the price of ZM is up 5.4% at $151.58.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 28 days.

What The Experts Say On Zoom Video Communications:

* Keybanc has decided to maintain their Overweight rating on Zoom Video Communications, which currently sits at a price target of $253.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.