Zscaler Unusual Options Activity For July 03

Investors with a lot of money to spend have taken a bullish stance on Zscaler ZS.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ZS, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 12 options trades for Zscaler.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $27,300, and 11, calls, for a total amount of $526,777.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $210.0 for Zscaler, spanning the last three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Zscaler options trades today is 653.64 with a total volume of 170.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Zscaler's big money trades within a strike price range of $155.0 to $210.0 over the last 30 days.

Zscaler Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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.

Present Market Standing of Zscaler

• Currently trading with a volume of 855,022, the ZS's price is up by 0.88%, now at $198.4.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 62 days.

Professional Analyst Ratings for 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 $231.6.

• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Zscaler with a target price of $240.
• An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $200.
• Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Zscaler with a target price of $220.
• Reflecting concerns, an analyst from Needham lowers its rating to Strong Buy with a new price target of $290.
• Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $208.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zscaler options trades with real-time alerts from Benzinga Pro.