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 14 options trades for ZIM Integrated Shipping.
This isn't normal.
The overall sentiment of these big-money traders is split between 42% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $31,500, and 13, calls, for a total amount of $734,792.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.5 to $15.0 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 5731.17 with a total volume of 17,099.00.
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 $10.5 to $15.0 over the last 30 days.
ZIM Integrated Shipping Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZIM | CALL | TRADE | BULLISH | 01/17/25 | $2.05 | $1.86 | $2.05 | $15.00 | $205.0K | 12.5K | 1.0K |
| ZIM | CALL | TRADE | BEARISH | 01/17/25 | $2.61 | $2.01 | $2.05 | $15.00 | $70.7K | 12.5K | 2.0K |
| ZIM | CALL | TRADE | BULLISH | 01/17/25 | $2.1 | $2.02 | $2.1 | $15.00 | $63.0K | 12.5K | 1.6K |
| ZIM | CALL | SWEEP | BULLISH | 07/19/24 | $1.14 | $1.09 | $1.1 | $15.00 | $55.0K | 14.5K | 1.5K |
| ZIM | CALL | SWEEP | BULLISH | 07/19/24 | $1.2 | $1.1 | $1.1 | $15.00 | $55.0K | 14.5K | 985 |
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?
- Currently trading with a volume of 6,907,622, the ZIM's price is up by 4.43%, now at $13.45.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 15 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 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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