Bearish flow noted in ZIM Integrated (ZIM) Shipping Services with 10,945 puts trading, or 5x expected. Most active are Jun-25 15 puts and Oct-25 21 calls, with total volume in those strikes near 11,300 contracts. The Put/Call Ratio is 2.03, while ATM IV is up over 4 points on the day. Earnings are expected on August 25th.
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