Zoom Communications (ZM) Options Chain

NASDAQ: ZMTechnologyComputer Software: Programming Data ProcessingUSD

97.74+3.07 (+3.24%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 96
Share price: $97.74
Put/call ratio (OI): 0.55
Put/call ratio (volume): 0.78
ATM implied volatility: 47.8%
Expected move: ±$23.97
Open interest (C / P): 53.92K / 29.66K

ZM options summary

The ZM options chain for the January 15, 2027 expiration lists 40 call and 40 put contracts, with 96 days until expiration. Open interest stands at 53,924 calls and 29,660 puts, a put/call ratio of 0.55, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $97.50 strike is 47.8%, which implies the market expects a move of about ±$23.97 (24.5%) in Zoom Communications stock by expiration.

The most open interest sits at the $100.00 call (9.79K contracts) and the $80.00 put (3.10K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ZM options chain · January 15, 2027

ZM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
16	1	115.5%	61.05	63.70	67.60	32.50	0.00	0.40	0.40	102.8%	1	1,697
33	1	105.9%	61.50	61.10	65.10	35.00	0.00	0.00	0.12	50.0%	2	0
17	3	—	46.30	49.00	53.00	37.50	0.00	1.02	0.05	105.8%	1	4
161	1	98.3%	60.14	56.30	60.15	40.00	0.00	2.13	0.28	115.7%	15	103
6	2	—	42.29	42.50	46.25	42.50	0.00	0.44	0.30	80.6%	1	168
0	3	—	55.92	0.00	0.00	45.00	0.02	0.17	0.05	66.8%	2	511
14	3	—	51.40	44.90	47.40	47.50	0.00	0.49	0.50	72.0%	1	162
160	1	80.3%	48.10	46.45	50.30	50.00	0.00	0.00	0.20	25.0%	1	0
23	1	70.4%	41.60	41.55	45.20	55.00	0.00	0.29	0.10	54.1%	1	2,041
0	3	—	51.34	0.00	0.00	57.50	0.00	0.49	0.24	54.8%	12	795
148	2	62.3%	34.50	36.55	40.30	60.00	0.00	0.74	0.22	54.9%	5	1,134
0	1	—	40.50	0.00	0.00	62.50	0.00	0.60	0.28	56.3%	20	278
269	1	62.7%	31.28	32.25	34.00	65.00	0.10	0.50	0.70	50.1%	2	2,124
0	1	—	48.60	0.00	0.00	67.50	0.00	1.03	0.66	55.0%	5	745
594	1	54.3%	23.11	27.10	31.00	70.00	0.50	0.82	0.62	47.8%	2	1,946
63	1	51.6%	25.90	24.80	28.60	72.50	0.68	0.98	1.89	46.0%	1	1,919
390	12	56.2%	16.03	23.10	25.15	75.00	0.87	1.39	1.67	46.5%	2	1,182
471	4	65.2%	21.05	20.35	24.45	77.50	0.76	2.17	1.69	49.4%	1	854
1,244	7	60.8%	20.00	18.30	22.10	80.00	1.33	2.36	1.78	46.3%	114	3,097
195	1	50.2%	17.09	16.85	18.80	82.50	1.48	3.10	2.84	47.0%	6	1,231
508	8	54.2%	16.00	15.65	17.75	85.00	2.79	3.10	3.00	42.1%	1	1,466
199	4	50.7%	12.65	13.60	15.60	87.50	3.50	3.80	3.92	41.5%	6	548
2,532	11	49.0%	13.02	11.85	13.80	90.00	4.35	4.80	4.56	42.0%	20	470
407	8	47.4%	11.57	10.55	12.10	92.50	4.15	6.85	7.00	47.3%	1	661
1,894	22	48.1%	10.29	9.65	10.95	95.00	6.00	6.95	8.20	41.7%	2	639
460	10	50.6%	8.05	7.80	10.25	97.50	6.55	8.90	9.50	45.0%	1	394
ZM $97.74
9,787	39	45.3%	7.85	7.45	8.10	100.00	7.85	10.60	11.28	46.5%	1	1,839
3,369	178	45.4%	6.15	6.00	6.25	105.00	11.60	14.25	14.40	49.1%	55	1,732
3,562	25	46.5%	4.50	4.30	4.95	110.00	15.20	17.80	18.30	49.6%	29	728
1,721	17	51.9%	3.25	3.15	4.70	115.00	19.25	21.15	22.20	47.3%	1	384
5,123	2	49.0%	2.25	1.70	3.20	120.00	22.35	25.30	33.55	48.0%	2	680
5,080	1	45.9%	1.80	1.54	2.01	125.00	27.70	29.85	25.50	50.1%	16	94
3,192	217	51.2%	1.30	0.71	2.11	130.00	29.50	31.25	40.78	—	10	22
526	25	49.5%	0.92	0.64	1.43	135.00	0.00	0.00	31.50	—	4	0
7,736	1	48.6%	0.54	0.60	0.99	140.00	0.00	0.00	35.85	—	4	0
225	2	48.0%	0.55	0.26	0.69	145.00	0.00	0.00	43.70	—	1	0
623	55	51.4%	0.45	0.33	0.71	150.00	44.35	48.20	67.35	—	1	2
429	20	56.5%	0.30	0.00	0.86	155.00	62.75	65.35	52.20	102.9%	—	10
821	2	55.3%	0.23	0.00	0.60	160.00	74.55	77.20	75.58	144.3%	99	0
1,926	9	52.1%	0.23	0.07	0.33	165.00	78.80	82.95	80.55	148.1%	99	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ZM put/call ratio?

For the January 15, 2027 expiration, the ZM put/call ratio based on open interest is 0.55 (29,660 puts vs 53,924 calls), and 0.78 based on today's volume. A ratio above 1 means more puts than calls.

What is ZM's implied volatility?

At-the-money implied volatility for ZM options expiring January 15, 2027 is about 47.8%, an annualized estimate of how much the market expects Zoom Communications stock to move.

How many ZM option expiration dates are there?

ZM has 16 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.