Investors with a lot of money to spend have taken a bullish stance on Zscaler (NASDAQ:ZS).
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 18 options trades for Zscaler.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 38%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,100, and 17, calls, for a total amount of $1,418,491.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $200.0 for Zscaler over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Zscaler stands at 528.71, with a total volume reaching 1,796.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Zscaler, situated within the strike price corridor from $140.0 to $200.0, throughout 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 | CALL | SWEEP | BEARISH | 09/20/24 | $9.5 | $9.0 | $9.5 | $200.00 | $468.3K | 1.7K | 504 |
| ZS | CALL | SWEEP | BEARISH | 04/17/25 | $25.75 | $25.4 | $25.45 | $195.00 | $124.7K | 24 | 0 |
| ZS | CALL | SWEEP | BULLISH | 08/16/24 | $3.7 | $3.6 | $3.6 | $200.00 | $108.0K | 1.3K | 651 |
| ZS | CALL | TRADE | NEUTRAL | 01/16/26 | $67.15 | $65.6 | $66.47 | $140.00 | $106.3K | 25 | 0 |
| ZS | CALL | TRADE | NEUTRAL | 01/16/26 | $61.2 | $60.0 | $60.66 | $150.00 | $97.0K | 104 | 4 |
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.
Where Is Zscaler Standing Right Now?
- Trading volume stands at 1,804,669, with ZS's price down by -2.64%, positioned at $179.51.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 77 days.
What The Experts Say On Zscaler
5 market experts have recently issued ratings for this stock, with a consensus target price of $251.6.
- An analyst from UBS has decided to maintain their Buy rating on Zscaler, which currently sits at a price target of $270.
- Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Zscaler, targeting a price of $208.
- Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $260.
- An analyst from Needham downgraded its action to Strong Buy with a price target of $290.
- In a positive move, an analyst from JP Morgan has upgraded their rating to Overweight and adjusted the price target to $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.