==ZIM Integrated Shipping Services Ltd. (ZIM) reported earnings on Wed 13 March 24 (b/o)

 

ZIM: Q4 Earnings Snapshot

HAIFA, Israel (AP) — HAIFA, Israel (AP) — ZIM Integrated Shipping Services Ltd. (ZIM) on Wednesday reported a loss of $148.4 million in its fourth quarter.

On a per-share basis, the Haifa, Israel-based company said it had a loss of $1.23.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.33 per share.

The container shipping company posted revenue of $1.21 billion in the period.

For the year, the company reported a loss of $2.7 billion, or $22.42 per share. Revenue was reported as $5.16 billion.

Unusual Options Activity Tue 9/26/23

Stocks seeing volatility buying (bullish call buying/bearish put buying):

Calls:

• ZIM Oct 12.50 calls are seeing interest with 50 contracts trading vs. open int of 3345, pushing implied vol up around 16 points to ~210.87%
  
• GME Dec 80.00 calls are seeing interest with 65 contracts trading vs. open int of 7260, pushing implied vol up around 29 points to ~142.78%. The Co will report its next earnings in December

Puts:

• RUM Oct 8.00 puts are active with 20 contracts trading vs. open int of 2970, pushing implied vol down around 51 points to ~148.61%
  
• SRPT Jan 75.00 puts are active with 190 contracts trading vs. open int of 555, pushing implied vol down around 6 points to ~124.22%. The Co will report its next earnings in late October/early November

Sentiment: The CBOE Put/Call ratio is currently: 1.02, VIX: (18.53, +1.63, +9.65%).
October 20 is options expiration -- the last day to trade October equity options.