Bearish flow noted in ZIM Integrated Shipping Services with 3,194 puts trading, or 1.3x expected. Most active are 5/24 weekly 19 puts and Jan-25 20 calls, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.09, while ATM IV is up over 12 points on the day. Earnings are expected on August 14th.
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