Whales with a lot of money to spend have taken a noticeably bearish stance on Zscaler.
Looking at options history for Zscaler ZS we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $1,679,550 and 2, calls, for a total amount of $116,934.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $250.0 for Zscaler over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Zscaler stands at 623.44, with a total volume reaching 4,985.00. 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 $180.0 to $250.0, throughout the last 30 days.
Zscaler Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | PUT | SWEEP | BEARISH | 05/17/24 | $180.00 | $848.0K | 3.0K | 2.7K |
| ZS | PUT | TRADE | BEARISH | 07/19/24 | $180.00 | $173.2K | 271 | 150 |
| ZS | PUT | SWEEP | BEARISH | 05/17/24 | $180.00 | $154.5K | 3.0K | 678 |
| ZS | PUT | TRADE | NEUTRAL | 04/19/24 | $220.00 | $134.5K | 919 | 52 |
| ZS | PUT | TRADE | BEARISH | 05/17/24 | $180.00 | $89.0K | 3.0K | 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?
- With a volume of 494,109, the price of ZS is up 0.22% at $194.49.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 65 days.
What Analysts Are Saying About Zscaler
In the last month, 5 experts released ratings on this stock with an average target price of $262.0.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Zscaler, targeting a price of $240.
- Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $270.
- Consistent in their evaluation, an analyst from Bernstein keeps a Outperform rating on Zscaler with a target price of $280.
- Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Zscaler with a target price of $290.
- An analyst from Cantor Fitzgerald persists with their Neutral rating on Zscaler, maintaining a target price of $230.
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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