Deep-pocketed investors have adopted a bearish approach towards Zillow Gr Z, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in Z usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 37 extraordinary options activities for Zillow Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 29% leaning bullish and 70% bearish. Among these notable options, 27 are puts, totaling $2,468,398, and 10 are calls, amounting to $540,594.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $75.0 for Zillow Gr during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Zillow Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Zillow Gr's substantial trades, within a strike price spectrum from $40.0 to $75.0 over the preceding 30 days.
Zillow Gr Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| Z | PUT | TRADE | BEARISH | 04/19/24 | $45.00 | $1.0M | 10.8K | 14.4K |
| Z | PUT | SWEEP | BEARISH | 04/19/24 | $45.00 | $113.9K | 10.8K | 5.4K |
| Z | PUT | SWEEP | BEARISH | 04/19/24 | $45.00 | $107.2K | 10.8K | 3.4K |
| Z | PUT | SWEEP | BULLISH | 01/17/25 | $40.00 | $105.0K | 1.4K | 257 |
| Z | PUT | SWEEP | BEARISH | 06/21/24 | $40.00 | $103.4K | 1.4K | 2.1K |
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 has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
Having examined the options trading patterns of Zillow Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Zillow Gr Standing Right Now?
- With a trading volume of 13,421,355, the price of Z is down by -1.05%, reaching $54.57.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 47 days from now.
What Analysts Are Saying About Zillow Gr
1 market experts have recently issued ratings for this stock, with a consensus target price of $75.0.
- An analyst from Jefferies persists with their Buy rating on Zillow Gr, maintaining a target price of $75.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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