Zoom Video Communications $ZM Unusual Put Buying Detected

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GuerillaStockTrading has detected unusual put buying in $ZM stock on July 11, 2022.

Zoom Bearish Option Flow Detected

The November 18, 2022, $85 put option volume exploded on July 11, 2022.

Zm Put Option

ZM put buying outpaced call buying on July 11, 2022, by a very wide margin.

Zm Option Flow

Make sure to review this lesson on option flow so that you understand the image above.

Zoom Video Communications Inc, $ZM stock, is down more than 40% since the start of the year.

Zoom stock exploded higher during the 2020 pandemic amid lockdown measures. Zoom even set up a COVID-19 marketing page to convert people who are in lockdowns into customers. The stock trended lower for most of 2021 and has continued to slide during 2022 as COVID-19 cases diminish.

Zoom Video announced financial results in February showing slowing growth year-over-year following the pandemic boom.

Zoom Unveils Platform Evolution; Launches New Packaging and Translation Feature

On June 23, 2022, Zoom launched Zoom One, a new offering that brings together options for persistent chat, phone, meetings, whiteboard, and more into a single, secure, and scalable package. The all-new translation feature allows meetings to be translated between English and ten languages.

“Simplicity is at the core of everything we do. As the Zoom platform has evolved from a meeting app to a comprehensive communications platform, it was clear that introducing new packaging like Zoom One was the next step in the company’s evolution,” said Greg Tomb, President, Zoom. “By bringing together chat, phone, meetings, whiteboard, and more in a single offering, we can offer our customers simple solutions to manage, so they can focus on business issues that matter most.”

📺 Stock Analysis Lecture Featuring Zoom

📉 ZOOM $ZM Stock Chart, Tough Resistance Off $124 Area

$124 is a wicked resistance level in $ZM stock. The TTM Squeeze indicator is very close to breaking below the zero line signaling a major sell signal. Overall we believe that the stock is in a downtrend and has not yet given a turnaround signal.

Zm Barchart Interactive Chart

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