Financial giants have made a conspicuous bearish move on Zscaler. Our analysis of options history for Zscaler ZS revealed 11 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $176,800, and 8 were calls, valued at $299,532.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $125.0 and $240.0 for Zscaler, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Zscaler's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Zscaler's significant trades, within a strike price range of $125.0 to $240.0, over the past month.
Zscaler Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | PUT | SWEEP | BEARISH | 02/16/24 | $220.00 | $76.1K | 37 | 0 |
| ZS | PUT | SWEEP | BULLISH | 06/21/24 | $240.00 | $73.6K | 38 | 17 |
| ZS | CALL | TRADE | BEARISH | 01/19/24 | $125.00 | $49.2K | 178 | 12 |
| ZS | CALL | TRADE | BEARISH | 01/19/24 | $125.00 | $49.2K | 178 | 6 |
| ZS | CALL | SWEEP | NEUTRAL | 01/19/24 | $195.00 | $47.0K | 1.2K | 33 |
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 1,675,201, the price of ZS is up by 3.79%, reaching $206.32.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 80 days from now.
Professional Analyst Ratings for Zscaler
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $210.0.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $220.
- An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $205.
- An analyst from JP Morgan has decided to maintain their Neutral rating on Zscaler, which currently sits at a price target of $190.
- Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $225.
- Reflecting concerns, an analyst from Needham lowers its rating to Strong Buy with a new price target of $210.
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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