This Is What Whales Are Betting On Zillow Gr

Investors with a lot of money to spend have taken a bullish stance on Zillow Gr Z.

And retail traders should know.

We noticed this today when the trades 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 Z, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 30 uncommon options trades for Zillow Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $660,675, and 16 are calls, for a total amount of $596,136.

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Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $50.0 for Zillow Gr, spanning the last three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Zillow Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Zillow Gr's significant trades, within a strike price range of $35.0 to $50.0, over the past month.

Zillow Gr Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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 operates in three segments namely the Internet, Media & Technology (IMT) segment, the Mortgages segment, and the Homes segment.

Following our analysis of the options activities associated with Zillow Gr, we pivot to a closer look at the company's own performance.

Where Is Zillow Gr Standing Right Now?

• With a volume of 2,060,501, the price of Z is up 0.24% at $41.04.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 75 days.

Expert Opinions on Zillow Gr

1 market experts have recently issued ratings for this stock, with a consensus target price of $40.0.

• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Zillow Gr, targeting a price of $40.

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.