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 25 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 16 are puts, for a total amount of $1,666,947 and 9, calls, for a total amount of $1,180,675.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $220.0 for Zscaler during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Zscaler stands at 397.47, with a total volume reaching 3,220.00. 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 $130.0 to $220.0, throughout the last 30 days.
Zscaler 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BULLISH | 01/17/25 | $7.15 | $6.65 | $6.7 | $130.00 | $897.8K | 1.5K | 1.3K |
| ZS | CALL | TRADE | BULLISH | 01/17/25 | $16.25 | $15.65 | $16.05 | $220.00 | $802.5K | 1.5K | 500 |
| ZS | PUT | SWEEP | BEARISH | 05/24/24 | $5.4 | $5.25 | $5.3 | $182.50 | $117.1K | 72 | 71 |
| ZS | PUT | TRADE | BEARISH | 01/17/25 | $24.8 | $24.55 | $24.8 | $180.00 | $104.1K | 508 | 46 |
| ZS | PUT | TRADE | BEARISH | 01/17/25 | $24.9 | $24.75 | $24.9 | $180.00 | $87.1K | 508 | 81 |
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.
Where Is Zscaler Standing Right Now?
- Currently trading with a volume of 1,091,876, the ZS's price is down by -0.36%, now at $178.67.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 13 days.
Professional Analyst Ratings for Zscaler
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $237.5.
- Showing optimism, an analyst from Keybanc upgrades its rating to Overweight with a revised price target of $220.
- An analyst from Mizuho persists with their Buy rating on Zscaler, maintaining a target price of $240.
- Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $270.
- An analyst from Stifel persists with their Buy rating on Zscaler, maintaining a target price of $220.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
