Zscaler Unusual Options Activity For November 22

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

And retail traders should know.

We noticed this today when the trades 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.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 14 uncommon options trades for Zscaler.

This isn't normal.

The overall sentiment of these big-money traders is split between 42% bullish and 57%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $677,837, and 7 are calls, for a total amount of $297,805.

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 $260.0 for Zscaler over the last 3 months.

Volume & Open Interest Trends

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 $160.0 to $260.0 in the last 30 days.

Zscaler Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

Having examined the options trading patterns of Zscaler, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Zscaler

• With a volume of 864,136, the price of ZS is up 0.87% at $193.03.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 5 days.

Expert Opinions on Zscaler

5 market experts have recently issued ratings for this stock, with a consensus target price of $206.8.

• An analyst from BTIG persists with their Buy rating on Zscaler, maintaining a target price of $229.
• An analyst from Stifel has decided to maintain their Buy rating on Zscaler, which currently sits at a price target of $205.
• In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $170.
• Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Zscaler with a target price of $205.
• In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $225.

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.