Deep-pocketed investors have adopted a bullish approach towards Zillow Gr Z, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in Z usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Zillow Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 63% leaning bullish and 36% bearish. Among these notable options, 8 are puts, totaling $303,516, and 3 are calls, amounting to $97,029.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $70.0 for Zillow Gr over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Zillow Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zillow Gr's whale trades within a strike price range from $50.0 to $70.0 in the last 30 days.
Zillow Gr Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| Z | PUT | TRADE | BULLISH | 02/16/24 | $58.00 | $46.5K | 78 | 200 |
| Z | PUT | TRADE | BULLISH | 02/16/24 | $58.00 | $45.5K | 78 | 300 |
| Z | PUT | TRADE | BULLISH | 04/19/24 | $57.50 | $41.4K | 114 | 78 |
| Z | PUT | SWEEP | BEARISH | 02/16/24 | $50.00 | $41.4K | 778 | 1.6K |
| Z | CALL | TRADE | BULLISH | 03/15/24 | $60.00 | $38.0K | 5.9K | 296 |
About Zillow Gr
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group operates in three segments namely the Internet, Media & Technology (IMT) segment, the Mortgages segment, and the Homes segment.
After a thorough review of the options trading surrounding Zillow Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Zillow Gr
- With a trading volume of 2,598,551, the price of Z is down by -0.21%, reaching $56.16.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 4 days from now.
Expert Opinions on Zillow Gr
1 market experts have recently issued ratings for this stock, with a consensus target price of $65.0.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Zillow Gr, which currently sits at a price target of $65.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Zillow Gr with Benzinga Pro for real-time alerts.
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