A Closer Look at ZIM Integrated Shipping's Options Market Dynamics

Investors with a lot of money to spend have taken a bullish stance on ZIM Integrated Shipping ZIM.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ZIM, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 9 options trades for ZIM Integrated Shipping.

This isn't normal.

The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $33,825, and 8, calls, for a total amount of $824,659.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.5 and $13.0 for ZIM Integrated Shipping, spanning the last three months.

Insights into 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 ZIM Integrated Shipping'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 ZIM Integrated Shipping's whale activity within a strike price range from $7.5 to $13.0 in the last 30 days.

ZIM Integrated Shipping 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ZIM CALL SWEEP BEARISH 07/19/24 $4.95 $4.8 $4.9 $7.50 $215.6K 3.2K 814
ZIM CALL TRADE BULLISH 07/19/24 $4.8 $4.75 $4.8 $7.50 $189.1K 3.2K 2.0K
ZIM CALL TRADE BULLISH 07/19/24 $4.85 $4.8 $4.85 $7.50 $133.8K 3.2K 2.7K
ZIM CALL TRADE BULLISH 07/19/24 $4.95 $3.6 $4.95 $7.50 $123.7K 3.2K 0
ZIM CALL TRADE BEARISH 05/17/24 $0.98 $0.56 $0.65 $13.00 $59.8K 1.8K 6

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 its revenue from the Pacific trade region.

After a thorough review of the options trading surrounding ZIM Integrated Shipping, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is ZIM Integrated Shipping Standing Right Now?

  • With a trading volume of 2,049,206, the price of ZIM is down by -7.86%, reaching $12.31.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 19 days from now.

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 ZIM Integrated Shipping with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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