Zscaler's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bearish stance on Zscaler ZS.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ZS, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Zscaler.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 50%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $520,725, and 4 are calls, for a total amount of $145,190.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $180.0 to $230.0 for Zscaler over the last 3 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 $180.0 to $230.0 in the last 30 days.

Zscaler 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Zscaler's Current Market Status

• Trading volume stands at 309,697, with ZS's price down by -3.54%, positioned at $201.37.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 80 days.

Expert Opinions on Zscaler

In the last month, 5 experts released ratings on this stock with an average target price of $238.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Zscaler, targeting a price of $250. * Maintaining their stance, an analyst from Rosenblatt continues to hold a Neutral rating for Zscaler, targeting a price of $190. * Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Zscaler with a target price of $250. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Zscaler, targeting a price of $250. * An analyst from Baird has decided to maintain their Outperform rating on Zscaler, which currently sits at a price target of $250.

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.