Trade Ideas
UOA PRO Update ZM 8-3
6,742 20November 130 calls bought for 2.27 to 2.51 above open interest of 306 contracts; 3,371 20November 110 calls sold for 6.65 to 6.32 below open interest of 9,015 contracts. Stock 98.33.
Status Update
Ticker: ZM
Stock: 98.33
Expiration Date: 14AUG
New UOA: 6,742 20November 130 calls bought for 2.27 to 2.51 above open interest of 306 contracts; 3,371 20November 110 calls sold for 6.65 to 6.32 below open interest of 9,015 contracts. Stock 98.33.
UOA PRO New Trade Idea ZM 7-20
Ticker: ZM
Type: Bullish Call Buying
Stock: 91.13
New Trade Idea
Ticker: ZM
Stock: 91.13
Trigger: 91.88
Expiration Date: 14AUG
UOA: 3,300 21August 95 calls mostly bought for 3.60-3.95 above open interest of 1,603 contracts. Stock 90.19-90.89.
ZM $91.37 Last.
Modestly sized front month OTM call buy. Stock may be trying to change its technical fortunes but it needs to hold > the 100 SMA and rise from here to do so, for starter. Only the 50 is to the north at this point. May have backed up to the 100/150 after pushing through and may now be trying to hold the above them to solidify its bullishness. EPS set for 8/20. Willing to prep for springboard lift higher but likely needs the market to finds its bullish mojo again. Showing a little strength today.
Trigger: $91.88.
Strategy 1: Consider the ZM 14Aug. 92.00 calls for $4.10 projected at trigger level today.
Targets: 92.47, 94.55, 95.34 (50 SMA currently), 97.28, 98.23, 99.79, 102.44