Financial giants have made a conspicuous bearish move on Zions Bancorp. Our analysis of options history for Zions Bancorp ZION revealed 8 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $893,560, and 2 were calls, valued at $63,500.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $45.0 for Zions Bancorp during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Zions Bancorp stands at 668.0, with a total volume reaching 5,284.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Zions Bancorp, situated within the strike price corridor from $30.0 to $45.0, throughout the last 30 days.
Zions Bancorp Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZION | PUT | SWEEP | BEARISH | 07/19/24 | $37.50 | $365.6K | 312 | 1.1K |
| ZION | PUT | SWEEP | BEARISH | 04/19/24 | $35.00 | $358.5K | 472 | 1.6K |
| ZION | PUT | SWEEP | BEARISH | 02/16/24 | $40.00 | $65.3K | 689 | 478 |
| ZION | PUT | SWEEP | BEARISH | 02/16/24 | $37.50 | $41.0K | 1.4K | 684 |
| ZION | CALL | TRADE | NEUTRAL | 07/19/24 | $35.00 | $36.5K | 427 | 51 |
About Zions Bancorp
Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the majority of its loans focused on commercial and commercial real estate lending.
In light of the recent options history for Zions Bancorp, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Zions Bancorp Standing Right Now?
- Currently trading with a volume of 1,845,721, the ZION's price is up by 0.17%, now at $41.97.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 81 days.
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 Zions Bancorp options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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