Deep-pocketed investors have adopted a bullish 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 16 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 37% leaning bullish and 31% bearish. Among these notable options, 2 are puts, totaling $64,980, and 14 are calls, amounting to $2,838,238.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $25.0 for ZIM Integrated Shipping, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of ZIM Integrated Shipping stands at 2590.8, with a total volume reaching 10,641.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ZIM Integrated Shipping, situated within the strike price corridor from $10.0 to $25.0, throughout the last 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 | SWEEP | BEARISH | 08/02/24 | $5.4 | $4.8 | $4.8 | $12.00 | $744.0K | 2.1K | 1.5K |
| ZIM | CALL | TRADE | BULLISH | 08/09/24 | $6.7 | $6.55 | $6.7 | $10.00 | $398.6K | 950 | 285 |
| ZIM | CALL | TRADE | BULLISH | 07/26/24 | $5.2 | $4.75 | $5.03 | $12.00 | $326.9K | 1.2K | 1.1K |
| ZIM | CALL | SWEEP | BEARISH | 08/02/24 | $8.2 | $6.75 | $6.75 | $10.00 | $259.2K | 1.6K | 0 |
| ZIM | CALL | SWEEP | BEARISH | 07/26/24 | $5.6 | $5.15 | $5.1 | $12.00 | $255.0K | 1.2K | 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.
Present Market Standing of ZIM Integrated Shipping
- Trading volume stands at 1,776,713, with ZIM's price down by -2.65%, positioned at $16.92.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 19 days.
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 ZIM Integrated Shipping 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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