Investors in Zoom Communications Inc (ZM) have new options trading available for April 17th, 2023. A notable put contract is priced at $4.15 with a strike price of $90.00, suggesting a potential cost basis of $85.85 for investors willing to purchase shares if executed. This put is currently approximately 2% below the current trading price of $91.91, with a 59% chance of expiring worthless.
On the call side, a contract with a $92.50 strike price is available for $5.50. Selling this call as a covered option could yield a total return of 6.63% if the stock reaches the strike price by expiration. This call is only 1% above the current share price, with a 47% chance of expiring worthless. The implied volatility for the put is 49%, while the call is at 48%, compared to the trailing twelve-month volatility of 35%.
