Zoom has completed a head and shoulders pattern after a massive run up. It's market cap is $100b, which over the long term is insane for what the company does, and even more crazy when you consider:
- Usage is expected to massive drop next year.
- Competition in this space is fierce against huge companies that could close the gap on making a better version of video conferencing any quarter now - Microsoft Teams, Google Meet, Cisco Webex, Uber ... etc
As a result, this is worth a shot. $290 Put at $3
Target of $230 - Reward of $57
RR of 19x
January/22 expiration.
- Usage is expected to massive drop next year.
- Competition in this space is fierce against huge companies that could close the gap on making a better version of video conferencing any quarter now - Microsoft Teams, Google Meet, Cisco Webex, Uber ... etc
As a result, this is worth a shot. $290 Put at $3
Target of $230 - Reward of $57
RR of 19x
January/22 expiration.