Deep-pocketed investors have adopted a bearish 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 16 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 25% leaning bullish and 75% bearish. Among these notable options, 6 are puts, totaling $410,763, and 10 are calls, amounting to $578,969.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $57.5 for Zillow Gr during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $40.0 to $57.5 in the last 30 days.
Zillow Gr Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| Z | PUT | TRADE | BEARISH | 05/17/24 | $45.00 | $185.0K | 2.3K | 598 |
| Z | CALL | SWEEP | BEARISH | 06/21/24 | $50.00 | $140.7K | 4.0K | 58 |
| Z | PUT | TRADE | BULLISH | 04/19/24 | $45.00 | $69.7K | 23.7K | 305 |
| Z | CALL | TRADE | BEARISH | 01/17/25 | $40.00 | $61.2K | 2.1K | 0 |
| Z | CALL | SWEEP | BULLISH | 11/15/24 | $57.50 | $58.9K | 84 | 163 |
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 has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
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.
Current Position of Zillow Gr
- With a volume of 3,323,761, the price of Z is up 1.13% at $48.25.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 44 days.
What Analysts Are Saying About Zillow Gr
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $75.0.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Zillow Gr, targeting a price of $75.
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 Zillow Gr, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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