Bearish flow noted in ZIM Integrated (ZIM) Shipping Services with 12,974 puts trading, or 3x expected. Most active are Jan-26 11.66 puts and Feb-25 21.16 puts, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 3.21, while ATM IV is up nearly 10 points on the day. Earnings are expected on March 19th.
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