Financial giants have made a conspicuous bearish move on ZIM Integrated Shipping. Our analysis of options history for ZIM Integrated Shipping ZIM revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $83,800, and 5 were calls, valued at $385,746.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $16.5 for ZIM Integrated Shipping during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ZIM Integrated Shipping's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ZIM Integrated Shipping's substantial trades, within a strike price spectrum from $12.5 to $16.5 over the preceding 30 days.
ZIM Integrated Shipping Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZIM | CALL | SWEEP | BEARISH | 02/16/24 | $15.00 | $199.9K | 27.3K | 2.3K |
| ZIM | CALL | TRADE | BEARISH | 02/23/24 | $16.50 | $92.4K | 140 | 2.5K |
| ZIM | CALL | TRADE | NEUTRAL | 04/19/24 | $12.50 | $34.9K | 4.4K | 0 |
| ZIM | CALL | SWEEP | BULLISH | 02/23/24 | $16.50 | $29.9K | 140 | 1.4K |
| ZIM | PUT | TRADE | BEARISH | 04/19/24 | $12.50 | $29.4K | 6.5K | 400 |
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.
In light of the recent options history for ZIM Integrated Shipping, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is ZIM Integrated Shipping Standing Right Now?
- Trading volume stands at 4,866,339, with ZIM's price down by -0.88%, positioned at $14.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 40 days.
Professional Analyst Ratings for ZIM Integrated Shipping
In the last month, 2 experts released ratings on this stock with an average target price of $15.25.
- Showing optimism, an analyst from Jefferies upgrades its rating to Buy with a revised price target of $20.
- An analyst from B of A Securities has decided to maintain their Underperform rating on ZIM Integrated Shipping, which currently sits at a price target of $10.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ZIM Integrated Shipping options trades with real-time alerts from Benzinga Pro.
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