Mar. 20 at 2:03 AM
$ZIM saw some wild action today
Over
$60M in deep ITM call blocks hit near the close, way above the usual open interest
Looks like a big player restructuring rather than a fresh bullish bet
Despite this, ZIM was down about 0.66% today and about 1.9% over the past 5 days
The aggressive call flow didn’t translate to a price jump
With a
$0.88 dividend on March 26, there's potential for dividend arbitrage and early exercise of ITM calls
If you're short calls, watch for early assignment risk
No clear directional edge right now, so maybe hold off on any big moves
