Bearish flow noted in ZIM Integrated (ZIM) Shipping Services with 4,977 puts trading, or 2x expected. Most active are Dec-25 13 puts and Dec-25 12 puts, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 3.10, while ATM IV is up over 5 points on the day. Earnings are expected on November 20th.
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- ZIM Integrated Shipping Services put volume heavy and directionally bearish
