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 46 extraordinary options activities for Zscaler. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 63% bearish. Among these notable options, 13 are puts, totaling $1,080,874, and 33 are calls, amounting to $1,585,841.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $300.0 for Zscaler over the recent three months.
Analyzing Volume & Open Interest
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 $110.0 to $300.0 in the last 30 days.
Zscaler Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BULLISH | 07/19/24 | $220.00 | $209.0K | 142 | 100 |
| ZS | CALL | SWEEP | BEARISH | 06/21/24 | $200.00 | $200.8K | 407 | 39 |
| ZS | CALL | SWEEP | BEARISH | 12/20/24 | $190.00 | $191.0K | 2 | 28 |
| ZS | PUT | SWEEP | BULLISH | 04/17/25 | $230.00 | $175.2K | 11 | 53 |
| ZS | PUT | TRADE | BEARISH | 01/16/26 | $220.00 | $174.0K | 17 | 40 |
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.
Present Market Standing of Zscaler
- With a trading volume of 2,106,374, the price of ZS is up by 1.67%, reaching $229.93.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 6 days from now.
Expert Opinions on Zscaler
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $244.8.
- An analyst from Barclays persists with their Overweight rating on Zscaler, maintaining a target price of $259.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $185.
- An analyst from Rosenblatt has revised its rating downward to Buy, adjusting the price target to $245.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $250.
- An analyst from Rosenblatt persists with their Buy rating on Zscaler, maintaining a target price of $285.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zscaler options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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