Financial giants have made a conspicuous bearish move on Zscaler. Our analysis of options history for Zscaler ZS revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $339,887, and 4 were calls, valued at $209,935.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $200.0 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 366.25, with a total volume reaching 98.00. 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 $110.0 to $200.0, throughout the last 30 days.
Zscaler Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | PUT | SWEEP | BULLISH | 01/17/25 | $40.3 | $39.6 | $39.95 | $200.00 | $146.9K | 986 | 37 |
| ZS | CALL | SWEEP | BEARISH | 01/16/26 | $39.1 | $37.85 | $37.85 | $200.00 | $83.2K | 299 | 0 |
| ZS | PUT | TRADE | BEARISH | 01/17/25 | $14.85 | $14.8 | $14.85 | $150.00 | $72.7K | 890 | 1 |
| ZS | CALL | TRADE | BEARISH | 01/17/25 | $27.5 | $26.55 | $26.85 | $185.00 | $67.1K | 634 | 25 |
| ZS | PUT | TRADE | BULLISH | 08/16/24 | $14.85 | $14.6 | $14.7 | $170.00 | $52.9K | 68 | 0 |
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
Zscaler's Current Market Status
- Currently trading with a volume of 281,116, the ZS's price is up by 0.06%, now at $174.95.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 44 days.
What Analysts Are Saying About Zscaler
3 market experts have recently issued ratings for this stock, with a consensus target price of $245.0.
- Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $260.
- Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for Zscaler, targeting a price of $245.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $230.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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