Deep-pocketed investors have adopted a bearish approach towards ZIM Integrated Shipping ZIM, 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 ZIM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for ZIM Integrated Shipping. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 37% bearish. Among these notable options, 4 are puts, totaling $158,445, and 4 are calls, amounting to $158,793.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.5 to $22.5 for ZIM Integrated Shipping over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for ZIM Integrated Shipping options trades today is 9237.0 with a total volume of 593.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for ZIM Integrated Shipping's big money trades within a strike price range of $12.5 to $22.5 over the last 30 days.
ZIM Integrated Shipping Option Activity Analysis: 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 | SWEEP | BULLISH | 10/18/24 | $3.95 | $3.9 | $3.95 | $17.50 | $52.9K | 17.0K | 1 |
| ZIM | PUT | TRADE | BEARISH | 01/17/25 | $1.29 | $1.21 | $1.29 | $12.50 | $46.1K | 27.5K | 0 |
| ZIM | PUT | TRADE | BEARISH | 10/18/24 | $2.58 | $2.54 | $2.58 | $17.50 | $39.4K | 11.0K | 4 |
| ZIM | CALL | TRADE | NEUTRAL | 10/18/24 | $2.42 | $1.58 | $1.97 | $22.50 | $39.4K | 2.9K | 8 |
| ZIM | CALL | TRADE | NEUTRAL | 07/19/24 | $2.72 | $2.24 | $2.48 | $17.50 | $37.2K | 4.1K | 12 |
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.
Having examined the options trading patterns of ZIM Integrated Shipping, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is ZIM Integrated Shipping Standing Right Now?
- With a trading volume of 3,337,689, the price of ZIM is up by 1.33%, reaching $19.09.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 57 days from now.
Expert Opinions on ZIM Integrated Shipping
3 market experts have recently issued ratings for this stock, with a consensus target price of $14.333333333333334.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on ZIM Integrated Shipping with a target price of $20.
- Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on ZIM Integrated Shipping with a target price of $10.
- An analyst from Citigroup has revised its rating downward to Sell, adjusting the price target to $13.
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 ZIM Integrated Shipping with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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