Selling our ZM put contracts to lock in profits.

Shares of ZM are trading sharply lower following the company’s earnings announcement. The stock is now near its June low which could turn out to be an important support level.

Since ZM is oversold, I’m happy to lock in our profits today. We will keep ZM on our watch list for potential bearish trades in the future.

• Selling (to close) our ZM September 16th $115 Puts
• Limit $30.00 or more
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• 9:54 Adjusting limit price to $28.50
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• 10:01 Executed
• Sold ZM September 16th $115 Puts @ $29.50