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 16 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $260,208 and 10, calls, for a total amount of $857,035.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $200.0 for Zscaler during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Zscaler stands at 541.92, with a total volume reaching 260.00. 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 $125.0 to $200.0, throughout the last 30 days.
Zscaler 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | CALL | TRADE | BULLISH | 11/15/24 | $18.7 | $18.4 | $18.75 | $195.00 | $468.7K | 123 | 30 |
| ZS | CALL | TRADE | BEARISH | 09/20/24 | $20.0 | $18.15 | $18.85 | $190.00 | $94.2K | 682 | 0 |
| ZS | PUT | SWEEP | BULLISH | 12/20/24 | $1.76 | $1.75 | $1.75 | $125.00 | $59.6K | 13 | 1 |
| ZS | CALL | TRADE | BEARISH | 01/17/25 | $29.1 | $28.1 | $28.1 | $190.00 | $56.2K | 366 | 0 |
| ZS | PUT | SWEEP | BEARISH | 08/02/24 | $4.0 | $3.5 | $3.5 | $190.00 | $49.7K | 111 | 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.
Zscaler's Current Market Status
- With a volume of 1,735,501, the price of ZS is down -2.34% at $190.37.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 47 days.
Expert Opinions on Zscaler
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $210.0.
- An analyst from Mizuho has revised its rating downward to Neutral, adjusting the price target to $220.
- An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $200.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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