Trying A Winning Set-Up Again
Portfolio Pulse from David Pinsen
The article discusses a value investing options trade on Zoom Video Communications, Inc. (NASDAQ:ZM). The trade involved a vertical spread with a net debit of $1.60, aiming for a $4 exit. Despite an earnings beat, the stock closed below $63, prompting a revised exit at $3.40, resulting in a 113% gain. The author plans to apply a similar strategy to another stock with strong fundamentals.
August 23, 2024 | 1:56 pm
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Zoom Video Communications, Inc. (NASDAQ:ZM) experienced a 113% gain from a vertical spread options trade despite an earnings beat. The stock closed at $68.04, higher than expected.
The article highlights a successful options trade on ZM, which resulted in a 113% gain. The stock's earnings beat and subsequent price increase to $68.04 suggest positive short-term momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100