Unpacking the Latest Options Trading Trends in Zscaler

Financial giants have made a conspicuous bearish move on Zscaler. Our analysis of options history for Zscaler ZS revealed 8 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $181,630, and 4 were calls, valued at $531,156.

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What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $220.0 for Zscaler, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Zscaler stands at 645.0, with a total volume reaching 477.00. 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 $130.0 to $220.0, throughout 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 $185.00 $345.4K 497 80
ZS CALL TRADE BEARISH 01/17/25 $185.00 $100.6K 497 105
ZS PUT TRADE BULLISH 04/26/24 $195.00 $80.0K 11 0
ZS PUT TRADE BEARISH 09/20/24 $190.00 $48.0K 43 0
ZS CALL SWEEP NEUTRAL 06/21/24 $220.00 $47.4K 2.3K 51

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.

Where Is Zscaler Standing Right Now?

  • With a trading volume of 803,550, the price of ZS is down by -1.61%, reaching $194.88.
  • Current RSI values indicate that the stock is may be oversold.
  • Next earnings report is scheduled for 69 days from now.

What The Experts Say On Zscaler

In the last month, 5 experts released ratings on this stock with an average target price of $269.0.

  • Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Zscaler with a target price of $290.
  • In a cautious move, an analyst from Needham downgraded its rating to Strong Buy, setting a price target of $290.
  • In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $270.
  • An analyst from Barclays persists with their Overweight rating on Zscaler, maintaining a target price of $240.
  • Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Zscaler, targeting a price of $255.

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
$303.210.77%

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Edge Rankings
Momentum
94.35
Growth
61.25
Quality
Not Available
Value
9.33
Price Trend
Short
Medium
Long
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