Zoom: Institutional FootprintZoom Communications, Inc. Class ABATS:ZMWiisoHeavy aggressive buying hit the 90 puts (june 9) today, with volume far above OI and multiple 50+ contract blocks lifting the ask. The flow began after the morning flush and continued while the underlying rebounded, with IV holding steady around 47.75%. This behavior is consistent with institutional hedging, not a directional bearish bet. The chart structure supports this view, showing consolidation, defended support, and a reversal during the put accumulation.