What the Options Market Tells Us About Zscaler

Deep-pocketed investors have adopted a bearish approach towards Zscaler ZS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ZS usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 52 extraordinary options activities for Zscaler. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 32% leaning bullish and 67% bearish. Among these notable options, 6 are puts, totaling $386,470, and 46 are calls, amounting to $2,207,283.

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Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $110.0 to $300.0 for Zscaler over the last 3 months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Zscaler's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zscaler's whale activity within a strike price range from $110.0 to $300.0 in the last 30 days.

Zscaler Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
ZS CALL SWEEP BULLISH 01/17/25 $260.00 $168.4K 1.5K 241
ZS CALL SWEEP BEARISH 01/17/25 $280.00 $158.0K 1.3K 50
ZS PUT SWEEP BULLISH 04/17/25 $195.00 $98.0K 0 83
ZS CALL SWEEP BEARISH 09/20/24 $260.00 $96.4K 123 32
ZS CALL TRADE BULLISH 06/21/24 $270.00 $89.2K 359 50

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.

Following our analysis of the options activities associated with Zscaler, we pivot to a closer look at the company's own performance.

Zscaler's Current Market Status

  • Currently trading with a volume of 1,587,264, the ZS's price is up by 2.88%, now at $241.5.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 22 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.

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ZSZscaler Inc
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