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 28 trades.
If we consider the specifics of each trade, it is accurate to state that 39% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $80,320 and 26, calls, for a total amount of $1,166,484.
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 $165.0 and $240.0 for Zscaler, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $165.0 to $240.0 in the last 30 days.
Zscaler Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | CALL | TRADE | BEARISH | 03/21/25 | $20.55 | $20.15 | $20.15 | $220.00 | $80.6K | 44 | 0 |
| ZS | CALL | TRADE | BULLISH | 09/20/24 | $15.4 | $15.4 | $15.4 | $195.00 | $75.4K | 635 | 61 |
| ZS | CALL | TRADE | NEUTRAL | 07/19/24 | $8.0 | $6.9 | $7.53 | $190.00 | $75.3K | 804 | 5 |
| ZS | CALL | TRADE | NEUTRAL | 07/19/24 | $7.4 | $7.15 | $7.29 | $190.00 | $72.9K | 804 | 188 |
| ZS | CALL | TRADE | BULLISH | 07/05/24 | $4.15 | $4.05 | $4.15 | $190.00 | $62.2K | 653 | 37 |
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.
Following our analysis of the options activities associated with Zscaler, we pivot to a closer look at the company's own performance.
Where Is Zscaler Standing Right Now?
- Currently trading with a volume of 2,866,975, the ZS's price is up by 1.86%, now at $192.73.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 67 days.
What Analysts Are Saying About 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 $223.0.
- Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Outperform rating on Zscaler with a target price of $210.
- Maintaining their stance, an analyst from Susquehanna continues to hold a Positive rating for Zscaler, targeting a price of $210.
- An analyst from JP Morgan has decided to maintain their Neutral rating on Zscaler, which currently sits at a price target of $205.
- An analyst from Needham downgraded its action to Strong Buy with a price target of $290.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $200.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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