Financial giants have made a conspicuous bearish move on Zscaler. Our analysis of options history for Zscaler ZS revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $1,262,000, and 6 were calls, valued at $220,698.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $280.0 for Zscaler over the recent three months.
Volume & Open Interest Development
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 $115.0 to $280.0 in the last 30 days.
Zscaler 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BEARISH | 06/21/24 | $240.00 | $1.1M | 402 | 0 |
| ZS | CALL | TRADE | NEUTRAL | 05/17/24 | $170.00 | $67.8K | 94 | 10 |
| ZS | PUT | SWEEP | BEARISH | 01/19/24 | $225.00 | $56.0K | 528 | 455 |
| ZS | CALL | SWEEP | BULLISH | 02/02/24 | $240.00 | $39.9K | 41 | 93 |
| ZS | CALL | TRADE | NEUTRAL | 01/19/24 | $150.00 | $32.4K | 1.0K | 4 |
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
Zscaler's Current Market Status
- Currently trading with a volume of 997,977, the ZS's price is down by -0.25%, now at $230.19.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 44 days.
What The Experts Say On Zscaler
In the last month, 1 experts released ratings on this stock with an average target price of $265.0.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Zscaler with a target price of $265.
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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