Looking At ZIM Integrated Shipping's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on ZIM Integrated Shipping ZIM.

And retail traders should know.

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

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with ZIM, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 266 uncommon options trades for ZIM Integrated Shipping.

This isn't normal.

The overall sentiment of these big-money traders is split between 35% bullish and 64%, bearish.

Out of all of the special options we uncovered, 130 are puts, for a total amount of $5,656,593, and 136 are calls, for a total amount of $34,170,380.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.0 to $120.0 for ZIM Integrated Shipping over the last 3 months.

Volume & Open Interest Development

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 $18.0 to $120.0 in the last 30 days.

ZIM Integrated Shipping 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
ZIM CALL TRADE NEUTRAL 07/15/22 $60.00 $2.5M 1.9K 117.0K
ZIM CALL TRADE BULLISH 04/14/22 $63.00 $2.5M 1.0K 58.7K
ZIM CALL TRADE NEUTRAL 07/15/22 $60.00 $2.2M 1.9K 117.0K
ZIM CALL TRADE BEARISH 03/25/22 $75.00 $1.8M 2.0K 116.7K
ZIM CALL TRADE NEUTRAL 07/15/22 $70.00 $1.4M 953 58.4K

Where Is ZIM Integrated Shipping Standing Right Now?

  • With a volume of 11,614,517, the price of ZIM is up 4.16% at $88.02.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 58 days.

What The Experts Say On ZIM Integrated Shipping:

  • Jefferies has decided to maintain their Buy rating on ZIM Integrated Shipping, which currently sits at a price target of $120.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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