Investors with significant funds have taken a bullish position in ZIM Integrated Shipping ZIM, 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 ZIM usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 9 options transactions for ZIM Integrated Shipping. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 55% being bullish and 44% bearish. Of all the options we discovered, 8 are puts, valued at $770,919, and there was a single call, worth $38,000.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $20.0 for ZIM Integrated Shipping during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ZIM Integrated Shipping's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ZIM Integrated Shipping's significant trades, within a strike price range of $15.0 to $20.0, over the past month.
ZIM Integrated Shipping 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZIM | PUT | SWEEP | BEARISH | 01/17/25 | $5.65 | $5.1 | $5.65 | $20.00 | $296.5K | 7.0K | 0 |
| ZIM | PUT | SWEEP | BEARISH | 10/18/24 | $1.84 | $1.61 | $1.84 | $15.00 | $218.8K | 3.4K | 3.1K |
| ZIM | PUT | TRADE | BEARISH | 10/18/24 | $1.82 | $1.36 | $1.74 | $15.00 | $88.0K | 3.4K | 3.9K |
| ZIM | PUT | TRADE | BULLISH | 10/18/24 | $1.97 | $1.84 | $1.88 | $15.00 | $43.8K | 3.4K | 238 |
| ZIM | PUT | SWEEP | BULLISH | 10/18/24 | $1.83 | $1.64 | $1.77 | $15.00 | $38.9K | 3.4K | 1.0K |
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?
- With a volume of 2,304,785, the price of ZIM is up 5.5% at $18.62.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 63 days.
What Analysts Are Saying About ZIM Integrated Shipping
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $14.333333333333334.
- Consistent in their evaluation, an analyst from Barclays keeps a Underweight rating on ZIM Integrated Shipping with a target price of $10.
- Reflecting concerns, an analyst from Citigroup lowers its rating to Sell with a new price target of $13.
- Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for ZIM Integrated Shipping, targeting a price of $20.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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