Investors with significant funds have taken a bearish position in Zimmer Biomet Holdings ZBH, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in ZBH usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for Zimmer Biomet Holdings. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 22% being bullish and 33% bearish. Of all the options we discovered, 8 are puts, valued at $320,343, and there was a single call, worth $42,150.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $120.0 for Zimmer Biomet Holdings, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Zimmer Biomet Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zimmer Biomet Holdings's whale activity within a strike price range from $95.0 to $120.0 in the last 30 days.
Zimmer Biomet Holdings 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZBH | PUT | SWEEP | BULLISH | 06/21/24 | $12.9 | $12.0 | $12.36 | $120.00 | $85.2K | 1.2K | 45 |
| ZBH | PUT | SWEEP | NEUTRAL | 06/21/24 | $12.7 | $12.0 | $12.24 | $120.00 | $46.4K | 1.2K | 274 |
| ZBH | CALL | SWEEP | BULLISH | 06/21/24 | $0.85 | $0.75 | $0.85 | $110.00 | $42.1K | 747 | 466 |
| ZBH | PUT | SWEEP | BEARISH | 07/19/24 | $1.6 | $1.45 | $1.6 | $105.00 | $40.1K | 238 | 262 |
| ZBH | PUT | SWEEP | NEUTRAL | 06/21/24 | $12.8 | $12.0 | $12.39 | $120.00 | $30.8K | 1.2K | 204 |
About Zimmer Biomet Holdings
Zimmer Biomet designs, manufactures, and markets orthopedic reconstructive implants, as well as supplies and surgical equipment for orthopedic surgery. With the acquisitions of Centerpulse in 2003 and Biomet in 2015, Zimmer holds the leading share of the reconstructive market in the United States, Europe, and Japan. Roughly two thirds of total revenue is derived from sales of large joints, another quarter comes from extremities, trauma, sports medicine, and related surgical products. The firm spun out its dental and spine businesses in 2022.
Following our analysis of the options activities associated with Zimmer Biomet Holdings, we pivot to a closer look at the company's own performance.
Where Is Zimmer Biomet Holdings Standing Right Now?
- With a volume of 879,494, the price of ZBH is down -4.39% at $107.93.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 49 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Zimmer Biomet Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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