Deep-pocketed investors have adopted a bearish approach towards Zscaler ZS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ZS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Zscaler. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 57% bearish. Among these notable options, 6 are puts, totaling $417,455, and 8 are calls, amounting to $294,558.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $195.0 and $225.0 for Zscaler, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Zscaler options trades today is 741.56 with a total volume of 1,715.00.
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 $195.0 to $225.0 over the last 30 days.
Zscaler Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BEARISH | 01/17/25 | $210.00 | $155.0K | 114 | 69 |
| ZS | PUT | SWEEP | BULLISH | 01/17/25 | $210.00 | $144.5K | 114 | 62 |
| ZS | CALL | SWEEP | BEARISH | 01/12/24 | $225.00 | $61.2K | 427 | 519 |
| ZS | CALL | TRADE | BEARISH | 02/16/24 | $200.00 | $44.1K | 1.1K | 6 |
| ZS | CALL | TRADE | BEARISH | 01/19/24 | $195.00 | $43.5K | 1.1K | 68 |
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.
In light of the recent options history for Zscaler, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Zscaler
- With a trading volume of 1,071,917, the price of ZS is up by 3.43%, reaching $225.59.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 51 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Zscaler with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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