Financial giants have made a conspicuous bearish move on Zoetis. Our analysis of options history for Zoetis ZTS revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $101,874, and 7 were calls, valued at $355,916.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $185.0 for Zoetis over the recent three months.
Volume & Open Interest Trends
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 Zoetis'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 Zoetis's whale trades within a strike price range from $150.0 to $185.0 in the last 30 days.
Zoetis Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZTS | CALL | SWEEP | BEARISH | 05/17/24 | $10.2 | $9.4 | $9.4 | $155.00 | $151.3K | 4.1K | 73 |
| ZTS | CALL | SWEEP | BEARISH | 05/17/24 | $11.9 | $9.7 | $9.8 | $155.00 | $44.1K | 4.1K | 63 |
| ZTS | PUT | SWEEP | BULLISH | 01/17/25 | $29.6 | $27.5 | $27.5 | $185.00 | $44.0K | 106 | 16 |
| ZTS | CALL | SWEEP | BEARISH | 05/17/24 | $4.1 | $3.7 | $4.0 | $165.00 | $43.2K | 3.3K | 202 |
| ZTS | CALL | SWEEP | BULLISH | 05/17/24 | $4.1 | $3.9 | $4.0 | $165.00 | $33.2K | 3.3K | 11 |
About Zoetis
Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on), and nearly 65% from companion animal (dogs, horses, cats) products. Its U.S. business is heavily skewed toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.
Present Market Standing of Zoetis
- Currently trading with a volume of 1,502,526, the ZTS's price is down by -0.33%, now at $159.17.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 2 days.
What The Experts Say On Zoetis
4 market experts have recently issued ratings for this stock, with a consensus target price of $200.0.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Zoetis, targeting a price of $180.
- An analyst from Piper Sandler downgraded its action to Overweight with a price target of $195.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Zoetis with a target price of $195.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Zoetis with a target price of $230.
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 Zoetis options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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