Investors with a lot of money to spend have taken a bearish stance on ZIM Integrated Shipping ZIM.
And retail traders should know.
We noticed this today when the positions 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 ZIM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for ZIM Integrated Shipping.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,750, and 7, calls, for a total amount of $401,229.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $11.0 to $19.0 for ZIM Integrated Shipping during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for ZIM Integrated Shipping'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 ZIM Integrated Shipping's whale activity within a strike price range from $11.0 to $19.0 in the last 30 days.
ZIM Integrated Shipping Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZIM | CALL | TRADE | BEARISH | 07/19/24 | $10.85 | $10.8 | $10.8 | $11.00 | $97.2K | 160 | 90 |
| ZIM | CALL | SWEEP | BULLISH | 06/28/24 | $8.0 | $6.9 | $8.0 | $14.00 | $80.0K | 1.0K | 0 |
| ZIM | CALL | TRADE | BEARISH | 06/28/24 | $8.35 | $7.65 | $7.65 | $14.00 | $76.5K | 1.0K | 100 |
| ZIM | CALL | TRADE | BEARISH | 07/19/24 | $3.95 | $3.85 | $3.85 | $19.00 | $38.5K | 314 | 200 |
| ZIM | CALL | TRADE | BULLISH | 07/19/24 | $3.95 | $3.0 | $3.85 | $19.00 | $38.5K | 314 | 100 |
About ZIM Integrated Shipping
ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of its revenue from the Pacific trade region.
Present Market Standing of ZIM Integrated Shipping
- With a volume of 679,943, the price of ZIM is up 3.3% at $21.92.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 71 days.
Expert Opinions on ZIM Integrated Shipping
2 market experts have recently issued ratings for this stock, with a consensus target price of $15.0.
- An analyst from Barclays has decided to maintain their Underweight rating on ZIM Integrated Shipping, which currently sits at a price target of $10.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for ZIM Integrated Shipping, targeting a price of $20.
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 ZIM Integrated Shipping, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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