Investors with a lot of money to spend have taken a bearish 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 9 uncommon options trades for Zillow Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $306,299, and 3 are calls, for a total amount of $120,195.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $47.5 for Zillow Gr, spanning the last three months.
Analyzing Volume & Open Interest
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 Zillow Gr'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 Zillow Gr's whale trades within a strike price range from $40.0 to $47.5 in the last 30 days.
Zillow Gr Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Z | PUT | SWEEP | BEARISH | 06/21/24 | $2.95 | $2.81 | $2.95 | $45.00 | $109.1K | 15.8K | 779 |
| Z | PUT | SWEEP | BEARISH | 05/17/24 | $3.7 | $3.65 | $3.7 | $47.50 | $59.2K | 346 | 383 |
| Z | CALL | TRADE | BEARISH | 08/16/24 | $7.0 | $6.9 | $6.9 | $45.00 | $48.9K | 10.7K | 71 |
| Z | CALL | SWEEP | BULLISH | 06/21/24 | $5.25 | $5.15 | $5.25 | $45.00 | $45.6K | 9.3K | 272 |
| Z | PUT | SWEEP | BEARISH | 05/17/24 | $3.75 | $3.7 | $3.7 | $47.50 | $43.2K | 346 | 117 |
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.
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?
- Currently trading with a volume of 1,367,914, the Z's price is down by -1.97%, now at $47.27.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 29 days.
Expert Opinions on Zillow Gr
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $75.0.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Zillow Gr with a target price of $75.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zillow Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
