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Behind the Scenes of ZIM Integrated Shipping's Latest Options Trends

Author: Benzinga Insights | April 26, 2024 10:02am

Investors with a lot of money to spend have taken a bullish stance on ZIM Integrated Shipping (NYSE:ZIM).

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ZIM, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for ZIM Integrated Shipping.

This isn't normal.

The overall sentiment of these big-money traders is split between 72% bullish and 18%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $48,024, and 10, calls, for a total amount of $393,270.

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 $10.0 to $17.5 for ZIM Integrated Shipping during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in ZIM Integrated Shipping's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to ZIM Integrated Shipping's substantial trades, within a strike price spectrum from $10.0 to $17.5 over the preceding 30 days.

ZIM Integrated Shipping Option Activity Analysis: Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
ZIM CALL SWEEP BULLISH 05/24/24 $1.14 $1.13 $1.14 $13.50 $66.0K 232 155
ZIM CALL SWEEP BULLISH 07/19/24 $3.5 $3.3 $3.5 $10.00 $49.3K 4.8K 161
ZIM PUT SWEEP BEARISH 05/31/24 $1.38 $1.37 $1.38 $13.00 $48.0K 10 0
ZIM CALL SWEEP BULLISH 07/19/24 $0.95 $0.77 $0.85 $15.00 $42.5K 17.5K 142
ZIM CALL SWEEP BULLISH 05/17/24 $1.34 $1.26 $1.34 $12.50 $40.2K 6.7K 881

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.

Present Market Standing of ZIM Integrated Shipping

  • With a trading volume of 3,338,548, the price of ZIM is up by 15.32%, reaching $13.13.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 24 days from now.

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.

Posted In: ZIM

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