ZIM Integrated Shipping Unusual Options Activity

High-rolling investors have positioned themselves bearish on ZIM Integrated Shipping ZIM, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ZIM often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 19 options trades for ZIM Integrated Shipping. This is not a typical pattern.

The sentiment among these major traders is split, with 15% bullish and 84% bearish. Among all the options we identified, there was one put, amounting to $64,080, and 18 calls, totaling $833,195.

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Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $20.0 for ZIM Integrated Shipping over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for ZIM Integrated Shipping options trades today is 4213.86 with a total volume of 32,374.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for ZIM Integrated Shipping's big money trades within a strike price range of $10.0 to $20.0 over the last 30 days.

ZIM Integrated Shipping 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ZIM CALL TRADE BEARISH 01/26/24 $13.00 $104.7K 1.0K 1.4K
ZIM CALL SWEEP BULLISH 04/19/24 $20.00 $89.4K 2.8K 20
ZIM PUT TRADE BEARISH 04/19/24 $10.00 $64.0K 12.7K 2.0K
ZIM CALL TRADE BEARISH 04/19/24 $17.50 $53.1K 3.5K 1.2K
ZIM CALL TRADE BEARISH 04/19/24 $17.50 $52.9K 3.5K 3.3K

About ZIM Integrated Shipping

ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of revenue from the Pacific.

After a thorough review of the options trading surrounding ZIM Integrated Shipping, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of ZIM Integrated Shipping

  • Trading volume stands at 6,094,379, with ZIM's price down by -3.06%, positioned at $13.3.
  • RSI indicators show the stock to be may be approaching overbought.
  • Earnings announcement expected in 52 days.

Professional Analyst Ratings for ZIM Integrated Shipping

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $10.5.

  • Maintaining their stance, an analyst from B of A Securities continues to hold a Underperform rating for ZIM Integrated Shipping, targeting a price of $10.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for ZIM Integrated Shipping, Benzinga Pro gives you real-time options trades alerts.

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ZIMZIM Integrated Shipping Services Ltd
$17.642.80%

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