Smart Money Order Flow: (NYSE:Z) Zillow Group


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Marketchameleon Smart Money Order Flow Tracker Flags (NYSE:Z) Call Trade on Mar 8, 2019

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Trade Highlights:

*Z 15-Jan-21 70 Calls trade 9,000 contracts for $2.8 million notional value

*Open Interest climbs to 19,258 contracts

Option Trade

On March 8, 2019, 9,000 Z 15-Jan-21 70 calls traded for $3.20 on the ask side of the market implying buying interest. The trade was over $2.8 million in notional value with 679 days to expiration. The call options were well above the stock price at the time of the trade, with the stock price at $38.24 compared to the call strike of 70.

Marketchameleon.com tracks large block option trades for potential smart money order flow by flagging unusual option size, open interest changes and confirmation of trade moving in same direction of original trade.

Follow Through on Option Trade

The option has gained +10.9% from the original trade price and the stock has advanced +4.5% confirming the movement in the same direction of the trade side. The open interest has increased to 19,258 contracts with 675 days to expiration indicating the position remains committed to the trade.

Stock and option trading involves risk may not be suitable for all investors. Examples contained within this newsletter are simulated and may have limitations. Average returns and occurrences are calculated from snapshots of market mid-point prices and were not actually executed, so they do not reflect actual trades, fees, or execution costs. This newsletter is for informational purposes only, and is not intended to be a recommendation to buy or sell any security. Neither MarketChameleon nor any other party makes warranties regarding results from its usage. Past performance does not guarantee future results. Please consult a financial advisor before executing any trades.
Note: selling options can result in losses of greater than 100%. Average returns from selling options is calculated based on net change in value against the initial theoretical option value. Prior to buying or selling an option, you should read the Options Clearing Corporation's Characteristics and Risks of Options.
The information is provided for informational purposes only and should not be construed as investment advice. All stock price information is provided and transmitted as received from independent third-party data sources. The Information should only be used as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments and trading strategies. The Company does not guarantee the accuracy, completeness or timeliness of the Information.

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