Whales with a lot of money to spend have taken a noticeably bullish stance on Zscaler.
Looking at options history for Zscaler ZS we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $550,210 and 6, calls, for a total amount of $567,390.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $200.0 for Zscaler during the past quarter.
Volume & Open Interest Trends
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 $100.0 to $200.0 in the last 30 days.
Zscaler Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | PUT | TRADE | BEARISH | 04/17/25 | $4.9 | $4.7 | $4.95 | $150.00 | $420.7K | 1.9K | 850 |
| ZS | CALL | TRADE | BULLISH | 12/27/24 | $85.4 | $84.05 | $85.4 | $100.00 | $170.8K | 20 | 20 |
| ZS | CALL | TRADE | BEARISH | 01/17/25 | $9.35 | $8.95 | $9.0 | $185.00 | $127.8K | 691 | 18 |
| ZS | CALL | TRADE | BULLISH | 09/19/25 | $24.3 | $23.85 | $24.3 | $200.00 | $121.5K | 33 | 0 |
| ZS | PUT | SWEEP | BULLISH | 05/16/25 | $26.5 | $25.95 | $25.9 | $200.00 | $77.7K | 60 | 30 |
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.
Zscaler's Current Market Status
- With a trading volume of 1,339,536, the price of ZS is up by 2.4%, reaching $187.61.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 69 days from now.
Expert Opinions on Zscaler
5 market experts have recently issued ratings for this stock, with a consensus target price of $224.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Zscaler, which currently sits at a price target of $190. * An analyst from BMO Capital has decided to maintain their Outperform rating on Zscaler, which currently sits at a price target of $222. * An analyst from BTIG persists with their Buy rating on Zscaler, maintaining a target price of $238. * Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Zscaler with a target price of $225. * An analyst from Keybanc persists with their Overweight rating on Zscaler, maintaining a target price of $245.
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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