Check Out What Whales Are Doing With Zscaler

A whale with a lot of money to spend has taken a noticeably bullish stance on Zscaler.

Looking at options history for Zscaler ZS we detected 21 strange trades.

If we consider the specifics of each trade, it is accurate to state that 76% of the investors opened trades with bullish expectations and 23% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $699,646 and 9, calls, for a total amount of $329,745.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $75.0 to $180.0 for Zscaler over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $75.0 to $180.0 in the last 30 days.

Zscaler Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Zscaler Standing Right Now?

• With a volume of 1,610,785, the price of ZS is down -2.55% at $113.01.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 78 days.

What The Experts Say On Zscaler:

• UBS has decided to maintain their Buy rating on Zscaler, which currently sits at a price target of $180.
• Morgan Stanley has decided to maintain their Overweight rating on Zscaler, which currently sits at a price target of $162.
• RBC Capital has decided to maintain their Outperform rating on Zscaler, which currently sits at a price target of $155.
• Mizuho has decided to maintain their Buy rating on Zscaler, which currently sits at a price target of $175.
• Morgan Stanley has decided to maintain their Overweight rating on Zscaler, which currently sits at a price target of $180.

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.