Short the 200 Put expiring 5/21 (60 DTE) for $1.15 Cr. It has a 95% POP and $2120 BPE for a 5% ROC. Considering that ZM is trading around $330 today, ZM will need to tank 40% to hit the breakeven for this trade. While this isn't a risk-free trade, it is a high-conviction and high-probability trade.
Trade closed: target reached
Close the 200 strike CSP. It is trading for $0.45 resulting in a $0.65 or 59% profit per contract.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.