ZIM Integrated Shipping Unusual Options Activity

ZIM Integrated Shipping Unusual Options Activity

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

Looking at options history for ZIM Integrated Shipping ZIM we detected 50 strange trades.

If we consider the specifics of each trade, it is accurate to state that 16% of the investors opened trades with bullish expectations and 84% with bearish.

From the overall spotted trades, 47 are puts, for a total amount of $11,167,128 and 3, calls, for a total amount of $170,333.

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 $17.5 to $80.0 for ZIM Integrated Shipping over the last 3 months.

Volume & Open Interest Development

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 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 trades within a strike price range from $17.5 to $80.0 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 PUT SWEEP BULLISH 01/19/24 $40.00 $1.0M 216 463
ZIM PUT SWEEP BEARISH 07/21/23 $30.00 $890.4K 358 874
ZIM PUT TRADE BEARISH 01/19/24 $80.00 $608.0K 15 110
ZIM PUT SWEEP BEARISH 01/19/24 $80.00 $606.0K 15 410
ZIM PUT TRADE BULLISH 01/19/24 $80.00 $606.0K 15 210

Where Is ZIM Integrated Shipping Standing Right Now?

  • With a volume of 3,263,237, the price of ZIM is up 2.07% at $21.65.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 99 days.

What The Experts Say On ZIM Integrated Shipping:

  • Barclays has decided to maintain their Equal-Weight rating on ZIM Integrated Shipping, which currently sits at a price target of $26.

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 ZIM Integrated Shipping, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets