A Closer Look at Zscaler's Options Market Dynamics

Deep-pocketed investors have adopted a bearish approach towards Zscaler ZS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ZS usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Zscaler. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 46% leaning bullish and 53% bearish. Among these notable options, 4 are puts, totaling $586,078, and 9 are calls, amounting to $736,500.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $230.0 for Zscaler over the recent three months.

Volume & Open Interest Development

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 $150.0 to $230.0 over the preceding 30 days.

Zscaler Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

In light of the recent options history for Zscaler, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Zscaler

• With a volume of 419,621, the price of ZS is down -1.0% at $196.7.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 80 days.

What The Experts Say On Zscaler

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $245.8.

• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Zscaler, targeting a price of $214.
• Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Zscaler with a target price of $285.
• Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Zscaler with a target price of $255.
• Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Zscaler, targeting a price of $260.
• An analyst from Goldman Sachs has decided to maintain their Neutral rating on Zscaler, which currently sits at a price target of $215.

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. Keep up with the latest options trades for Zscaler with Benzinga Pro for real-time alerts.