Put seller signs on to Zoom

Put seller signs on to Zoom. Nearly 15k contracts have traded in Zoom Video Communications this morning with puts leading calls 4 to 1 as shares trade down -1.03 or -1.43%, near $70.82 with 30day at-the-money implied volatility up nearly 2 points to 46.5%. Put volume of 14k contracts is nearly 4x average daily level while marketwide option volume is relatively light. Bulk of today’s flow involves the 8% otm June 65 puts, with nearly 7k sold near $4, confirmed by Cboe open-close data to be an opening customer. 52wk closing range for Zoom shares is nearly $65 to $123. Earnings May 22nd.