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 9 extraordinary options activities for Zscaler. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 55% leaning bullish and 33% bearish. Among these notable options, 6 are puts, totaling $221,535, and 3 are calls, amounting to $248,650.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $250.0 for Zscaler, spanning the last three months.
Volume & Open Interest Development
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 $155.0 to $250.0, over the past month.
Zscaler 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | CALL | TRADE | NEUTRAL | 04/17/25 | $27.0 | $25.55 | $26.3 | $200.00 | $131.5K | 204 | 50 |
| ZS | CALL | TRADE | BEARISH | 09/19/25 | $19.8 | $19.2 | $19.2 | $250.00 | $86.4K | 242 | 45 |
| ZS | PUT | TRADE | BEARISH | 11/29/24 | $1.0 | $0.33 | $1.0 | $205.00 | $61.6K | 1.2K | 184 |
| ZS | PUT | TRADE | BEARISH | 11/29/24 | $26.0 | $25.35 | $26.0 | $230.00 | $52.0K | 1 | 20 |
| ZS | CALL | TRADE | BULLISH | 06/20/25 | $61.5 | $61.5 | $61.5 | $155.00 | $30.7K | 16 | 5 |
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.
After a thorough review of the options trading surrounding Zscaler, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Zscaler's Current Market Status
- Trading volume stands at 678,720, with ZS's price down by -2.99%, positioned at $204.02.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 5 days.
What The Experts Say On Zscaler
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $243.0.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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