A whale with a lot of money to spend has taken a noticeably bullish stance on ZIM Integrated Shipping.
Looking at options history for ZIM Integrated Shipping (NYSE:ZIM) we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $142,631 and 9, calls, for a total amount of $337,524.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $30.0 for ZIM Integrated Shipping over the last 3 months.
Volume & Open Interest Development
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 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 activity within a strike price range from $20.0 to $30.0 in the last 30 days.
ZIM Integrated Shipping Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZIM | PUT | TRADE | BEARISH | 11/18/22 | $25.00 | $105.0K | 13.4K | 562 |
| ZIM | CALL | TRADE | BULLISH | 11/11/22 | $24.00 | $58.4K | 642 | 1.5K |
| ZIM | CALL | TRADE | BULLISH | 01/17/25 | $20.00 | $54.0K | 145 | 100 |
| ZIM | CALL | SWEEP | NEUTRAL | 11/11/22 | $24.50 | $42.8K | 51 | 603 |
| ZIM | CALL | TRADE | BEARISH | 11/11/22 | $24.50 | $40.9K | 51 | 1.1K |
Where Is ZIM Integrated Shipping Standing Right Now?
- With a volume of 2,134,703, the price of ZIM is up 3.55% at $24.32.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 15 days.
What The Experts Say On ZIM Integrated Shipping:
- Jefferies has decided to maintain their Hold rating on ZIM Integrated Shipping, which currently sits at a price target of $27.
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.
