The stock is fresh off five-straight daily losses following a two-year high
Zoom Video Communications Inc (NASDAQ:ZM) is gearing up for its latest earnings report, due out after the close on Monday, Nov. 25. Zoom Video stock jumped 13% after its most recent report in August, though this was only the third post-earnings pop in the last eight quarters. The options pits are pricing in a 10.9% next-day swing this time around, regardless of direction.
On the charts, ZM pulled back after its recent Nov. 13 two-year high of $87.15, though it’s looking to snap that five-day losing streak today. At last glance, the stock was up 0.9% to trade at $78.42. Since the start of the year, the equity has added 9%.
Options bulls are blasting ZM leading up to the event. The stock’s 50-day call/put volume ratio of 6.00 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than all other readings from the past year.