Zscaler's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bearish stance on Zscaler.

Looking at options history for Zscaler ZS we detected 24 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $1,035,858 and 16, calls, for a total amount of $1,382,203.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $280.0 for Zscaler during the past quarter.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Zscaler stands at 493.2, with a total volume reaching 2,097.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Zscaler, situated within the strike price corridor from $150.0 to $280.0, throughout the last 30 days.

Zscaler Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About Zscaler

Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

In light of the recent options history for Zscaler, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Zscaler

• Trading volume stands at 614,312, with ZS's price down by -0.53%, positioned at $243.74.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 30 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zscaler options trades with real-time alerts from Benzinga Pro.