Whales with a lot of money to spend have taken a noticeably bullish stance on Zscaler.
Looking at options history for Zscaler ZS we detected 29 trades.
If we consider the specifics of each trade, it is accurate to state that 58% of the investors opened trades with bullish expectations and 41% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $1,536,400 and 22, calls, for a total amount of $1,376,683.
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 $200.0 and $340.0 for Zscaler, spanning the last three months.
Analyzing Volume & Open Interest
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 $340.0, over the past month.
Zscaler Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BULLISH | 04/17/25 | $240.00 | $1.2M | 1.0K | 350 |
| ZS | CALL | SWEEP | BULLISH | 09/20/24 | $320.00 | $177.2K | 15 | 100 |
| ZS | CALL | SWEEP | BEARISH | 01/17/25 | $260.00 | $129.4K | 2.0K | 57 |
| ZS | PUT | SWEEP | BULLISH | 03/15/24 | $250.00 | $112.8K | 605 | 337 |
| ZS | CALL | TRADE | BEARISH | 12/20/24 | $210.00 | $88.5K | 35 | 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
Current Position of Zscaler
- With a trading volume of 870,174, the price of ZS is up by 1.91%, reaching $254.18.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 20 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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