Investors with a lot of money to spend have taken a bullish stance on Zscaler (NASDAQ:ZS).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ZS, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 16 uncommon options trades for Zscaler.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 37%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $263,616, and 8 are calls, for a total amount of $580,004.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $240.0 for Zscaler, spanning the last three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Zscaler's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Zscaler's significant trades, within a strike price range of $200.0 to $240.0, over the past month.
Zscaler 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | CALL | TRADE | BEARISH | 01/21/28 | $71.0 | $70.3 | $70.3 | $200.00 | $210.9K | 71 | 32 |
| ZS | CALL | TRADE | BEARISH | 03/20/26 | $11.7 | $11.35 | $11.35 | $230.00 | $87.3K | 688 | 101 |
| ZS | CALL | SWEEP | NEUTRAL | 06/18/26 | $17.9 | $17.65 | $17.65 | $240.00 | $81.6K | 195 | 60 |
| ZS | CALL | SWEEP | BULLISH | 01/30/26 | $4.65 | $4.0 | $4.7 | $215.00 | $70.5K | 115 | 279 |
| ZS | PUT | TRADE | BULLISH | 12/18/26 | $39.45 | $35.8 | $36.9 | $220.00 | $55.3K | 373 | 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.
Where Is Zscaler Standing Right Now?
- Trading volume stands at 745,386, with ZS's price up by 3.1%, positioned at $216.11.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 37 days.
Professional Analyst Ratings for Zscaler
4 market experts have recently issued ratings for this stock, with a consensus target price of $288.75.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Zscaler with a target price of $305.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Zscaler, targeting a price of $260.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Zscaler, targeting a price of $300.
- An analyst from RBC Capital has decided to maintain their Outperform rating on Zscaler, which currently sits at a price target of $290.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.
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