Options/ZM

ZMZoom Communications, Inc. Class A Common Stock

Options Analysis Report•SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap $27.9B|NASDAQ

● 2026-09-11$95.46

BULLISH

Analysis: 2026-09-10 EOD data

1Y +12.6%YTD +14.6%7D -5.8%

Options Vol

6,899

30D

Implied Move

±11.7%

IV Rank

18%

ZM Options Overview

bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

Loading score history...

ZM Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

8.0

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 62.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.81x — IV ≤ HV

Sector Relative≤50%

Sector percentile 20% — below sector median

Term Structure

<1.1x

Front/Back 0.91x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 42.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 66.2% (ATM 42.4% + spread 11.9% + bias) — fair

Execution Efficiency

<3.0%

Total drag 17.23% (spread 11.90% + slippage 5.33%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 6.27 (vega 7.462 / spread 11.90%) — acceptable

Sentiment

Bullish or bearish?

6.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +12%, Raw: +11%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +12% (bullish) — Raw: +11%

OI Skew Magnitude

≥15%

|OI skew| 31.9% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +40.8%, OI skew +31.9% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 49%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -48%, ATM: +15%, OTM: +12% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 37% — bullish vs sector

Activity

Unusual activity?

3.1

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.5x avg — normal

Turnover Rate

≥15%

Vol/OI 2.2% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +1.1% (5d) — stable

Sector Relative≥60%

Sector activity percentile 55% — neutral vs sector

Trade Quality

≥30%

Large trade volume 34% — institutional presence

Execution Urgency

≥60%

Aggressive execution 24% — patient

Flow Conviction

≥30

Conviction +12 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.9

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 11.9% — wide

Adequate OI

≥10,000

OI 315,060 — deep

Active Volume

≥500

Volume 6,899/day — active

Reasonable Cost

≤$0.50

$0.60 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 52% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 122.0 contracts (bid:58.5 ask:63.5) — adequate

Execution Quality

<1.0%

Avg slippage 5.33% — poor

Timing

Is now a good time?

6.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -9.4% — contango

IV Percentile Clarity

<30 or >70

IV percentile 63% — neutral

Event Detection

≥10pts kink

IV kink -1.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 67.90 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +12% @ 56% consistency — unclear

Smart Money Timing

≥40 composite score

Score 64 (ITM 20% + inst 34%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls7.5

bullishIV cheap, bullish flow

Long Puts5.4

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.8

bullishIV too cheap, bullish flow

Covered Call3.4

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on ZM

ZM gamma walls ZM option chain ZM max pain ZM expected move ZM IV rank ZM put/call ratio ZM options flow