Deep-pocketed investors have adopted a bullish approach towards Zillow Gr Z, 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 Z usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Zillow Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 5 are puts, totaling $549,789, and 4 are calls, amounting to $237,179.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $42.5 and $60.0 for Zillow Gr, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Zillow Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Zillow Gr's substantial trades, within a strike price spectrum from $42.5 to $60.0 over the preceding 30 days.
Zillow Gr 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Z | PUT | SWEEP | BULLISH | 08/16/24 | $16.45 | $16.4 | $16.4 | $60.00 | $324.7K | 1.1K | 198 |
| Z | CALL | SWEEP | BEARISH | 06/21/24 | $4.5 | $4.4 | $4.4 | $42.50 | $119.6K | 588 | 272 |
| Z | PUT | TRADE | BEARISH | 06/20/25 | $12.65 | $12.15 | $12.65 | $52.50 | $74.6K | 1 | 59 |
| Z | PUT | SWEEP | BULLISH | 06/21/24 | $4.15 | $4.05 | $4.05 | $45.00 | $72.4K | 12.4K | 185 |
| Z | PUT | SWEEP | BULLISH | 08/16/24 | $12.25 | $12.05 | $12.05 | $55.00 | $48.2K | 321 | 40 |
About Zillow Gr
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
After a thorough review of the options trading surrounding Zillow Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Zillow Gr's Current Market Status
- Trading volume stands at 862,567, with Z's price down by 0.0%, positioned at $43.67.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 2 days.
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 Zillow Gr with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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