A whale with a lot of money to spend has taken a noticeably bearish stance on Zscaler.
Looking at options history for Zscaler ZS we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $187,318 and 6, calls, for a total amount of $352,364.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $185.0 for Zscaler over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Zscaler options trades today is 660.67 with a total volume of 624.00.
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 $160.0 to $185.0 over the last 30 days.
Zscaler Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | CALL | TRADE | NEUTRAL | 01/16/26 | $170.00 | $203.6K | 37 | 35 |
| ZS | PUT | SWEEP | BEARISH | 11/17/23 | $175.00 | $81.9K | 129 | 101 |
| ZS | PUT | TRADE | BEARISH | 10/20/23 | $180.00 | $37.7K | 179 | 0 |
| ZS | PUT | TRADE | BULLISH | 11/17/23 | $160.00 | $35.0K | 1.0K | 224 |
| ZS | PUT | TRADE | BEARISH | 11/17/23 | $160.00 | $32.5K | 1.0K | 122 |
Where Is Zscaler Standing Right Now?
- With a volume of 649,927, the price of ZS is up 0.99% at $174.77.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 49 days.
What The Experts Say On Zscaler:
- Piper Sandler upgraded its action to Overweight with a price target of $190
- Citigroup has decided to maintain their Buy rating on Zscaler, which currently sits at a price target of $190.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Zscaler, which currently sits at a price target of $155.
- Barclays upgraded its action to Overweight with a price target of $190
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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