Whales with a lot of money to spend have taken a noticeably bullish stance on Zscaler.
Looking at options history for Zscaler (NASDAQ:ZS) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $136,700 and 6, calls, for a total amount of $295,509.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $180.0 to $250.0 for Zscaler during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Zscaler's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Zscaler's substantial trades, within a strike price spectrum from $180.0 to $250.0 over the preceding 30 days.
Zscaler Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BULLISH | 06/21/24 | $28.6 | $28.2 | $28.2 | $210.00 | $87.4K | 1.1K | 35 |
| ZS | CALL | SWEEP | BULLISH | 06/21/24 | $16.75 | $16.6 | $16.74 | $190.00 | $83.7K | 222 | 59 |
| ZS | CALL | SWEEP | NEUTRAL | 09/20/24 | $24.45 | $24.2 | $24.37 | $190.00 | $63.4K | 42 | 62 |
| ZS | PUT | SWEEP | BULLISH | 06/21/24 | $62.05 | $61.55 | $61.62 | $250.00 | $49.2K | 139 | 8 |
| ZS | CALL | SWEEP | BULLISH | 04/05/24 | $1.8 | $1.79 | $1.8 | $190.00 | $45.3K | 242 | 318 |
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.
Having examined the options trading patterns of Zscaler, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Zscaler
- Trading volume stands at 761,496, with ZS's price down by -2.7%, positioned at $186.95.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 58 days.
What The Experts Say On Zscaler
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $237.5.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Zscaler, targeting a price of $215.
- In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $260.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $230.
- An analyst from Macquarie has decided to maintain their Outperform rating on Zscaler, which currently sits at a price target of $245.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Zscaler, Benzinga Pro gives you real-time options trades alerts.
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