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 21, 2028
Days to expiration: 468
Share price: $97.74
Put/call ratio (OI): 0.50
Put/call ratio (volume): 0.14
ATM implied volatility: 48.8%
Expected move: ±$53.99
Open interest (C / P): 12.25K / 6.08K

ZM options summary

The ZM options chain for the January 21, 2028 expiration lists 36 call and 34 put contracts, with 468 days until expiration. Open interest stands at 12,249 calls and 6,084 puts, a put/call ratio of 0.50, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $97.50 strike is 48.8%, which implies the market expects a move of about ±$53.99 (55.2%) in Zoom Communications stock by expiration.

The most open interest sits at the $140.00 call (2.78K contracts) and the $60.00 put (1.67K contracts).

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

ZM options chain · January 21, 2028

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
0	2	—	70.88	0.00	0.00	37.50	0.00	1.60	0.55	52.6%	1	85
37	10	66.4%	57.00	59.00	61.65	40.00	0.20	0.96	0.77	51.4%	1	65
26	10	70.5%	55.06	56.50	61.50	42.50	1.87	2.65	2.40	60.1%	5	9
13	1	62.0%	51.95	54.50	57.10	45.00	0.72	1.33	0.95	49.0%	20	36
6	1	94.2%	65.75	58.00	62.50	47.50	0.61	1.85	2.15	50.3%	1	17
58	3	59.8%	49.00	50.00	53.25	50.00	1.16	1.66	1.76	45.9%	1	123
82	1	56.7%	43.67	46.00	48.75	55.00	1.80	2.35	1.98	44.8%	1	177
135	1	54.6%	37.98	42.00	44.80	60.00	2.28	3.30	3.10	44.2%	1	1,667
65	2	54.3%	39.54	38.50	41.50	65.00	1.50	6.00	4.30	49.6%	1	113
2	1	50.1%	41.10	35.00	39.45	67.50	2.51	6.50	5.00	48.4%	94	144
702	1	54.1%	34.00	35.00	38.75	70.00	4.10	5.70	5.40	42.6%	2	225
0	1	—	46.00	0.00	0.00	72.50	4.40	5.95	6.15	40.6%	1	1,089
66	2	51.7%	29.80	31.50	34.95	75.00	4.00	8.50	7.00	45.8%	1	377
0	3	—	45.59	0.00	0.00	77.50	5.40	9.05	7.95	44.4%	5	41
578	1	52.4%	25.90	28.50	33.00	80.00	6.50	9.70	8.90	43.2%	1	241
0	1	—	39.00	0.00	0.00	82.50	8.15	10.90	9.75	43.4%	3	123
174	3	51.3%	20.00	25.75	30.00	85.00	8.80	11.55	9.91	42.0%	5	60
28	5	52.0%	27.45	24.20	26.95	87.50	9.90	12.30	13.05	40.8%	3	41
270	2	51.8%	22.75	23.00	25.75	90.00	10.40	13.50	13.40	40.7%	1	319
141	5	50.1%	21.95	21.50	26.50	92.50	11.00	15.55	17.30	42.4%	2	46
119	1	50.3%	20.50	22.15	23.90	95.00	13.75	15.90	19.00	39.9%	2	305
99	3	55.0%	19.05	19.50	24.00	97.50	13.50	18.50	17.24	42.6%	5	80
ZM $97.74
698	1	50.9%	19.40	18.50	21.35	100.00	16.15	19.50	18.70	41.4%	3	69
235	1	50.1%	13.20	17.95	20.50	105.00	20.00	20.60	23.20	36.8%	3	54
1,382	2	48.9%	15.85	14.50	17.05	110.00	21.00	25.50	24.95	40.3%	1	37
1,024	3	49.3%	15.00	13.00	15.75	115.00	25.65	28.00	28.80	38.0%	2	495
304	14	51.7%	13.05	11.50	15.45	120.00	47.00	50.00	40.00	76.3%	10	12
142	3	52.4%	9.70	11.80	14.50	125.00	37.85	39.95	36.19	48.3%	5	6
497	3	50.0%	9.85	8.50	12.30	130.00	0.00	0.00	37.22	—	5	0
920	2	49.7%	8.65	8.50	11.15	135.00	39.50	43.75	42.45	38.3%	1	1
2,781	80	49.5%	8.90	7.55	10.15	140.00	45.10	47.95	47.50	38.2%	2	22
315	1	51.0%	6.95	7.45	9.90	145.00	—	—	—	—	—	—
637	7	47.5%	7.20	6.65	7.75	150.00	—	—	—	—	—	—
57	6	51.4%	5.91	6.15	8.55	155.00	56.50	61.00	61.95	37.9%	3	5
308	1,281	49.6%	5.80	5.55	7.20	160.00	0.00	0.00	60.15	—	—	0
348	12	47.2%	5.45	5.10	5.75	165.00	67.50	70.10	70.64	37.8%	16	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 21, 2028 expiration, the ZM put/call ratio based on open interest is 0.50 (6,084 puts vs 12,249 calls), and 0.14 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 21, 2028 is about 48.8%, 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.