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 9 options trades for ZIM Integrated Shipping. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 33% bearish. Among all the options we identified, there was one put, amounting to $37,386, and 8 calls, totaling $376,635.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $17.5 for ZIM Integrated Shipping over the last 3 months.
Insights into 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 $10.0 to $17.5 in the last 30 days.
ZIM Integrated Shipping Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZIM | CALL | TRADE | NEUTRAL | 01/16/26 | $7.35 | $6.85 | $7.09 | $12.50 | $70.9K | 6.6K | 15 |
| ZIM | CALL | TRADE | BULLISH | 08/16/24 | $6.7 | $6.7 | $6.7 | $11.00 | $67.0K | 1.6K | 0 |
| ZIM | CALL | TRADE | BEARISH | 08/16/24 | $9.0 | $7.1 | $7.85 | $10.00 | $51.0K | 1.1K | 0 |
| ZIM | CALL | TRADE | BULLISH | 07/19/24 | $7.85 | $7.7 | $7.85 | $10.00 | $47.1K | 223 | 51 |
| ZIM | CALL | TRADE | BULLISH | 07/19/24 | $6.95 | $6.85 | $6.95 | $11.00 | $45.1K | 1.2K | 0 |
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.
After a thorough review of the options trading surrounding ZIM Integrated Shipping, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is ZIM Integrated Shipping Standing Right Now?
- With a volume of 2,634,223, the price of ZIM is down -2.15% at $17.52.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 27 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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