Deep-pocketed investors have adopted a bullish 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 8 extraordinary options activities for Zscaler. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 5 are puts, totaling $476,312, and 3 are calls, amounting to $154,510.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $240.0 for Zscaler over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Zscaler options trades today is 323.86 with a total volume of 272.00.
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 $140.0 to $240.0 over the last 30 days.
Zscaler Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BULLISH | 04/17/25 | $15.75 | $15.65 | $15.65 | $150.00 | $154.9K | 1.4K | 99 |
| ZS | PUT | TRADE | BULLISH | 06/20/25 | $19.25 | $17.4 | $17.4 | $150.00 | $93.9K | 238 | 51 |
| ZS | PUT | SWEEP | BULLISH | 04/17/25 | $12.5 | $12.25 | $12.25 | $140.00 | $85.7K | 80 | 70 |
| ZS | PUT | TRADE | BULLISH | 07/19/24 | $59.95 | $59.55 | $59.55 | $240.00 | $71.4K | 109 | 0 |
| ZS | PUT | TRADE | BULLISH | 06/20/25 | $18.0 | $17.55 | $17.55 | $150.00 | $70.2K | 238 | 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.
Following our analysis of the options activities associated with Zscaler, we pivot to a closer look at the company's own performance.
Where Is Zscaler Standing Right Now?
- Currently trading with a volume of 256,699, the ZS's price is up by 0.32%, now at $183.93.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 52 days.
What Analysts Are Saying About Zscaler
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $245.0.
- Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $260.
- Consistent in their evaluation, an analyst from Macquarie keeps a Outperform rating on Zscaler with a target price of $245.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $230.
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.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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