The financial industry’s heavy hitters have tactically made bearish moves on Zillow Group. An investigation into the options history of Zillow Group has unearthed 11 unconventional trades.
Upon meticulous inspection, it was revealed that 45% of traders exhibited bullish sentiments, while 54% displayed inclinations towards the bearish side. Out of the trades scrutinized, 4 were puts with a total value of $142,575, whereas 7 were calls, amounting to $465,210.
Anticipated Stock Price Range
Following an evaluation of trading volumes and Open Interest, market movers are actively honing in on a price range spanning $52.5 to $60.0 for Zillow Group over the last three months.
Examination of Volume & Open Interest
A strategic move while trading options is to scrutinize volume and open interest. This data serves as a guide to track liquidity and interest in Zillow Group’s options concerning a specified strike price. The fluctuation of call and put options volume and open interest for Zillow Group’s significant trades within a strike price range of $52.5 to $60.0 over the last 30 days poses valuable insights.
Analysis of Zillow Group’s Option Volume And Open Interest In The Last 30 Days
Major Options Tracked:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| Z | CALL | SWEEP | BEARISH | 01/17/25 | $52.50 | $131.0K | 105 | 117 |
| Z | CALL | SWEEP | BULLISH | 11/15/24 | $55.00 | $105.4K | 428 | 45 |
| Z | CALL | SWEEP | BEARISH | 01/17/25 | $52.50 | $86.6K | 105 | 120 |
| Z | PUT | TRADE | BEARISH | 01/17/25 | $55.00 | $60.0K | 4.8K | 103 |
| Z | CALL | SWEEP | BULLISH | 11/15/24 | $55.00 | $42.7K | 428 | 45 |
About Zillow Group
Zillow Group Inc is an Internet-based real estate venture that revolutionizes the selling, buying, renting, and financing experience for its clientele with transparency and convenience. Collaborating with real estate agents, brokers, builders, property managers, and landlords, the company seamlessly integrates technology with exceptional service. Zillow Group encompasses renowned brands like Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo, among others.
Having dissected the options movements related to Zillow Group, let’s delve into an assessment of the company’s current performance.
Current Position of Zillow Group
- With a trading volume of 2,234,184, Zillow Group’s price has ascended by 0.48%, currently resting at $54.75.
- RSI indicators portray the stock as neutral, situated between overbought and oversold territories.
- Earnings announcement is anticipated in 56 days.
Expert Insights on Zillow Group
In the past month, 1 experts have provided their evaluations on this stock, with an average target price of $75.0.
- An analyst from Jefferies maintains their Buy recommendation on Zillow Group, upholding a target price of $75.
Trading options come with heightened risks but also promise higher potential profits. Astute traders navigate these risks through continuous education, strategic trade adaptations, utilization of diverse indicators, and vigilance towards market fluctuations. Stay updated on the latest options activities for Zillow Group with real-time alerts from Benzinga Pro.