Understanding Zscaler's Current Options Market Trends

Deep Dive into Zscaler's Options Market Activity

Recent activity shows that major investors are adopting a notably bearish perspective towards Zscaler. We have observed a total of 9 significant trades in the options market for Zscaler (NASDAQ: ZS).

Analyzing these trades reveals that only 33% of the investors are entering with bullish expectations while a larger percentage, at 55%, are choosing bearish strategies.

Within these trades, investors executed 2 put options totaling $95,546, alongside 7 call options accumulating to $344,035.

Price Movement Predictions

The analysis of volume and open interest surrounding these contracts indicates that large investors may anticipate a price movement for Zscaler in the range of $110.0 to $180.0 during the previous quarter. Understanding these expectations is crucial for any investor considering their next moves in the options market.

Volume and Open Interest Observations

For those serious about conducting thorough research into a stock, examining volume and open interest is essential. This information serves as a vital tool in tracking liquidity and gauging investors' interest in Zscaler's options across predetermined strike prices.

Below, we summarize the notable changes in volume and open interest concerning calls and puts for Zscaler's options over the last month, specifically focusing on the $110.0 to $180.0 strike price range.

Recent Options Activity Over the Last 30 Days

Understanding the intricate movements in options trading can provide clarity on investor sentiments and market positioning.

Highlighted Options Trades

Here’s a snapshot of the largest options trades that have been identified:

Symbol: ZS

Type of Trade: CALL / PUT

Trade Character: SWEEP

Investor Sentiment: Varies

Expiration Date: Various Dates Listed

• Call Trade: Price: $10.40, Total Trade Value: $132.1K
• Put Trade: Price: $5.25, Total Trade Value: $66.5K
• Call Trade: Price: $2.00, Total Trade Value: $41.0K
• Call Trade: Price: $39.04, Total Trade Value: $39.0K
• Call Trade: Price: $39.00, Total Trade Value: $39.0K

About Zscaler

Zscaler operates as a software-as-a-service (SaaS) provider, focusing on cloud-native cybersecurity solutions tailored specifically for enterprise clients. Their offerings include Zscaler Internet Access for secure external application access and Zscaler Private Access for secure internal application access. Headquartered in San Jose, the company has been publicly traded since 2018.

Zscaler's Current Market Dynamics

At present, Zscaler stock is trading at volumes of 1,024,810 with a price increase of 2.42%, now valued at $159.67. RSI readings indicate the stock may be approaching oversold levels, making this moment pivotal for investors.

• The anticipated release of earnings is in about 75 days.

Expert Insights on Zscaler

Recently, five analysts have published insights regarding Zscaler stock, with an average target price calculated at $218.0.

• Scotiabank's analyst maintains a Sector Outperform rating, aiming for a price target of $195.
• In contrast, an analyst from B of A Securities downgraded their position to Neutral with a $195 target.
• Wedbush holds an Outperform rating with projections set at $220.
• UBS continues to advocate a Buy rating, aiming for a price of $250.
• Barclays has an Overweight rating, with their target price maintained at $230.

Engaging in options trading carries more risk relative to direct stock trading, yet it simultaneously presents a greater potential for profit. Seasoned options traders effectively manage these risks by staying informed, progressively adjusting their positions, and following comprehensive market indicators closely.

Frequently Asked Questions

What is the recent trend in Zscaler's options market?

There has been a shift towards bearish positioning among major investors, with a higher percentage engaging in put options.

How many significant trades have been reported for Zscaler?

There have been 9 major options trades noted for Zscaler.

What is Zscaler's stock price movement forecast?

Investors are watching for a potential price movement in the range of $110.0 to $180.0 in the upcoming quarter.

What do experts currently say about Zscaler?

Analysts have provided varied ratings with an average target of $218, indicating mixed sentiments towards the stock.

Why are options considered riskier than stocks?

Options trading tends to be more volatile and complex, requiring in-depth market knowledge to manage risks effectively.

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