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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with Z, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Zillow Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $860,185, and there was 1 call, for a total amount of $25,140.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $50.0 for Zillow Gr over the recent three months.
Analyzing Volume & Open Interest
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 $45.0 to $50.0, over the past month.
Zillow Gr Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Z | PUT | TRADE | BEARISH | 06/21/24 | $8.75 | $7.65 | $8.4 | $50.00 | $456.9K | 2.6K | 0 |
| Z | PUT | SWEEP | BEARISH | 06/21/24 | $5.0 | $4.85 | $5.0 | $45.00 | $100.0K | 12.8K | 287 |
| Z | PUT | TRADE | BEARISH | 06/21/24 | $4.95 | $4.8 | $4.9 | $45.00 | $98.0K | 12.8K | 87 |
| Z | PUT | TRADE | NEUTRAL | 06/20/25 | $10.2 | $10.1 | $10.15 | $47.50 | $89.3K | 152 | 0 |
| Z | PUT | SWEEP | BULLISH | 05/17/24 | $4.15 | $4.1 | $4.1 | $45.00 | $49.6K | 3.4K | 6 |
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.
After a thorough review of the options trading surrounding Zillow Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Zillow Gr Standing Right Now?
- Trading volume stands at 1,317,256, with Z's price down by -0.05%, positioned at $42.52.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 13 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Zillow Gr with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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