Bearish flow noted in ZIM Integrated Shipping Services with 2,831 puts trading, or 2x expected. Most active are 3/10 weekly 22 puts and 3/10 weekly 21.5 puts, with total volume in those strikes near 2,000 contracts. The Put/Call Ratio is 1.60, while ATM IV is up nearly 11 points on the day. Earnings are expected on March 13th.
Published first on TheFly
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