oh hi didn
Today is the ex-dividend day for ZIM. If historical patterns hold, this is where a drop could start. Will put some > 30DTE bearish orders out.
any update?
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<@889849212915843093> looks like crime has been committed - no transactions AH because they are being routed to the Dark Holes.
Mh…doesn’t seem to go oje way
Indeed. Unfortunately ZIM continues to rise. May be likely due to news of port congestions, or still elevated spot rates. I’ll hold for a while longer, but I agree… the pattern has not worked this time around, 1 day in.
<a:pepehype:1235327235745911026>
Will ping you for more updates tomorrow morning
Any news for this drop in AH? some decent volume there
Its happening
I’ve done some digging and cant see any news for this move. Potentially this but I don’t think the times match up?
Something else that might have tripped the sell orders - Kearnon Holdings, which holds 21% of ZIM, filed to sell 5M shares. ZIM’s OS is 120M. (ZIM - Financials - SEC Filings) <@889849212915843093>
Thank you
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Downgrade by Citi. $13 price target, but more importantly, Sell rating.
Kearnon also entered a collar transaction, on top of the sale, which implies they think more upside is unlikely.
Seems like annoying Ni helps to make the play successful
Man this was such a great play…I closed my puts a day early.
This was a great play !