Whales with a lot of money to spend have taken a noticeably bearish stance on Zscaler.
Looking at options history for Zscaler ZS we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $101,819 and 15, calls, for a total amount of $994,457.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $320.0 for Zscaler, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Zscaler stands at 417.08, with a total volume reaching 253.00. 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 $45.0 to $320.0, throughout the last 30 days.
Zscaler Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | CALL | SWEEP | NEUTRAL | 07/19/24 | $200.00 | $136.1K | 240 | 35 |
| ZS | CALL | SWEEP | BEARISH | 01/17/25 | $230.00 | $126.7K | 2.5K | 62 |
| ZS | CALL | SWEEP | BEARISH | 07/19/24 | $200.00 | $122.6K | 240 | 35 |
| ZS | CALL | TRADE | BULLISH | 01/17/25 | $110.00 | $122.3K | 76 | 10 |
| ZS | CALL | TRADE | BEARISH | 01/17/25 | $230.00 | $93.0K | 2.5K | 32 |
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.
Present Market Standing of Zscaler
- Currently trading with a volume of 616,930, the ZS's price is down by -0.82%, now at $222.21.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 71 days.
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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