High-rolling investors have positioned themselves bullish on ZIM Integrated Shipping ZIM, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ZIM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 25 options trades for ZIM Integrated Shipping. This is not a typical pattern.
The sentiment among these major traders is split, with 68% bullish and 20% bearish. Among all the options we identified, there was one put, amounting to $32,250, and 24 calls, totaling $1,322,328.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $11.0 to $27.0 for ZIM Integrated Shipping during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for ZIM Integrated Shipping'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 ZIM Integrated Shipping's whale trades within a strike price range from $11.0 to $27.0 in the last 30 days.
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 | CALL | TRADE | BULLISH | 07/19/24 | $1.0 | $0.96 | $1.0 | $24.00 | $170.0K | 9.3K | 0 |
| ZIM | CALL | TRADE | BULLISH | 07/05/24 | $9.35 | $7.9 | $9.04 | $14.00 | $72.3K | 3.5K | 50 |
| ZIM | CALL | TRADE | BULLISH | 07/05/24 | $9.35 | $7.9 | $9.03 | $14.00 | $72.2K | 3.5K | 230 |
| ZIM | CALL | SWEEP | BULLISH | 08/16/24 | $11.05 | $8.95 | $11.05 | $12.00 | $66.4K | 1.1K | 0 |
| ZIM | CALL | SWEEP | BULLISH | 08/09/24 | $10.1 | $8.65 | $10.1 | $13.00 | $60.6K | 0 | 110 |
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.
In light of the recent options history for ZIM Integrated Shipping, it's now appropriate to focus on the company itself. We aim to explore its current performance.
ZIM Integrated Shipping's Current Market Status
- Trading volume stands at 855,104, with ZIM's price up by 1.92%, positioned at $23.01.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 42 days.
Expert Opinions on ZIM Integrated Shipping
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $13.0.
- An analyst from Citigroup downgraded its action to Sell with a price target of $13.
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 ZIM Integrated Shipping, 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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