Financial giants have made a conspicuous bearish move on Zscaler. Our analysis of options history for Zscaler ZS revealed 21 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 61% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $439,358, and 12 were calls, valued at $657,385.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $270.0 for Zscaler during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Zscaler stands at 391.64, with a total volume reaching 922.00. 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 $160.0 to $270.0, throughout the last 30 days.
Zscaler Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BEARISH | 07/19/24 | $240.00 | $143.1K | 17 | 45 |
| ZS | CALL | TRADE | NEUTRAL | 01/17/25 | $210.00 | $133.6K | 1.2K | 46 |
| ZS | CALL | SWEEP | BEARISH | 08/16/24 | $210.00 | $95.5K | 18 | 30 |
| ZS | CALL | TRADE | BULLISH | 04/17/25 | $250.00 | $80.3K | 2 | 0 |
| ZS | PUT | TRADE | BEARISH | 09/20/24 | $270.00 | $66.4K | 7 | 10 |
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.
After a thorough review of the options trading surrounding Zscaler, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Zscaler Standing Right Now?
- Currently trading with a volume of 570,195, the ZS's price is up by 0.45%, now at $211.19.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 56 days.
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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