High-rolling investors have positioned themselves bullish on ZIM Integrated Shipping ZIM, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ZIM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for ZIM Integrated Shipping. This is not a typical pattern.
The sentiment among these major traders is split, with 88% bullish and 11% bearish. Among all the options we identified, there was one put, amounting to $35,280, and 8 calls, totaling $868,220.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $11.0 to $28.0 for ZIM Integrated Shipping over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ZIM Integrated Shipping's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ZIM Integrated Shipping's substantial trades, within a strike price spectrum from $11.0 to $28.0 over the preceding 30 days.
ZIM Integrated Shipping 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZIM | CALL | TRADE | BEARISH | 01/17/25 | $10.5 | $9.7 | $9.85 | $12.50 | $492.5K | 5.6K | 21 |
| ZIM | CALL | SWEEP | BULLISH | 08/16/24 | $10.6 | $9.9 | $10.6 | $11.00 | $63.6K | 180 | 120 |
| ZIM | CALL | TRADE | BULLISH | 08/16/24 | $10.55 | $10.2 | $10.55 | $11.00 | $63.3K | 180 | 180 |
| ZIM | CALL | SWEEP | BULLISH | 08/16/24 | $9.65 | $8.0 | $9.65 | $12.00 | $57.9K | 2 | 60 |
| ZIM | CALL | SWEEP | BULLISH | 08/16/24 | $0.74 | $0.71 | $0.74 | $28.00 | $57.0K | 514 | 0 |
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.
After a thorough review of the options trading surrounding ZIM Integrated Shipping, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
ZIM Integrated Shipping's Current Market Status
- Trading volume stands at 1,657,071, with ZIM's price down by -0.79%, positioned at $21.43.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 48 days.
What The Experts Say On ZIM Integrated Shipping
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $13.0.
- Reflecting concerns, an analyst from Citigroup lowers its rating to Sell with a new price target of $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.
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