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Deep-pocketed investors have adopted a bullish approach towards Zscaler (NASDAQ: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 44% leaning bullish and 33% bearish. Among these notable options, 2 are puts, totaling $183,200, and 7 are calls, amounting to $304,005.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $220.0 for Zscaler during the past quarter.
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 $140.0 to $220.0, over the past month.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
ZS | PUT | TRADE | BULLISH | 07/26/24 | $3.75 | $2.44 | $2.7 | $197.50 | $96.1K | 4 | 344 |
ZS | PUT | SWEEP | BEARISH | 07/26/24 | $2.8 | $2.79 | $2.8 | $197.50 | $87.0K | 4 | 0 |
ZS | CALL | TRADE | BULLISH | 09/20/24 | $8.4 | $8.15 | $8.4 | $220.00 | $84.0K | 1.8K | 0 |
ZS | CALL | TRADE | NEUTRAL | 08/16/24 | $12.95 | $12.6 | $12.8 | $200.00 | $64.0K | 1.9K | 226 |
ZS | CALL | TRADE | BULLISH | 09/20/24 | $10.8 | $10.5 | $10.8 | $220.00 | $47.5K | 1.8K | 119 |
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.
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $235.0.
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.
Posted In: ZS