Financial giants have made a conspicuous bullish move on Zoetis. Our analysis of options history for Zoetis ZTS revealed 14 unusual trades.
Delving into the details, we found 57% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $216,721, and 11 were calls, valued at $668,978.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $170.0 for Zoetis over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Zoetis's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Zoetis's substantial trades, within a strike price spectrum from $140.0 to $170.0 over the preceding 30 days.
Zoetis Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZTS | CALL | TRADE | BEARISH | 05/17/24 | $4.8 | $4.4 | $4.4 | $160.00 | $220.0K | 847 | 732 |
| ZTS | PUT | SWEEP | BULLISH | 07/19/24 | $13.5 | $10.9 | $11.4 | $165.00 | $101.4K | 169 | 90 |
| ZTS | PUT | SWEEP | BULLISH | 07/19/24 | $3.4 | $3.0 | $3.2 | $145.00 | $83.5K | 107 | 264 |
| ZTS | CALL | SWEEP | BEARISH | 05/17/24 | $2.85 | $2.8 | $2.8 | $165.00 | $78.7K | 1.1K | 380 |
| ZTS | CALL | SWEEP | BULLISH | 05/17/24 | $1.8 | $1.6 | $1.8 | $170.00 | $70.4K | 833 | 431 |
About Zoetis
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on), and nearly 65% from companion animal (dogs, horses, cats) products. Its U.S. business is heavily skewed toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.
Having examined the options trading patterns of Zoetis, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Zoetis's Current Market Status
- Trading volume stands at 3,082,324, with ZTS's price up by 3.33%, positioned at $158.46.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 6 days.
What Analysts Are Saying About Zoetis
In the last month, 3 experts released ratings on this stock with an average target price of $206.66666666666666.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Zoetis with a target price of $195.
- An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $195.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Zoetis, targeting a price of $230.
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 Zoetis with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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