Whales with a lot of money to spend have taken a noticeably bearish stance on Zscaler.
Looking at options history for Zscaler (NASDAQ:ZS) we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 9% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $128,915 and 19, calls, for a total amount of $1,446,125.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $220.0 for Zscaler, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $145.0 to $220.0 in the last 30 days.
Zscaler 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | PUT | SWEEP | BULLISH | 08/15/25 | $7.2 | $7.05 | $7.05 | $145.00 | $97.9K | 0 | 140 |
| ZS | CALL | TRADE | BEARISH | 06/20/25 | $48.25 | $47.9 | $47.9 | $150.00 | $91.0K | 2.7K | 92 |
| ZS | CALL | TRADE | BEARISH | 06/20/25 | $48.05 | $47.75 | $47.75 | $150.00 | $90.7K | 2.7K | 20 |
| ZS | CALL | TRADE | BEARISH | 06/20/25 | $47.8 | $47.5 | $47.5 | $150.00 | $90.2K | 2.7K | 158 |
| ZS | CALL | TRADE | BEARISH | 06/20/25 | $47.7 | $47.4 | $47.4 | $150.00 | $90.0K | 2.7K | 111 |
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.
Having examined the options trading patterns of Zscaler, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Zscaler With a volume of 373,425, the price of ZS is down -0.66% at $186.03. RSI indicators hint that the underlying stock may be approaching oversold. Next earnings are expected to be released in 63 days. Expert Opinions on Zscaler
In the last month, 5 experts released ratings on this stock with an average target price of $229.0.
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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 $240. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Zscaler, targeting a price of $235. * An analyst from Wells Fargo persists with their Equal-Weight rating on Zscaler, maintaining a target price of $190. * Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Zscaler, targeting a price of $250. * Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Zscaler with a target price of $230.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Zscaler with Benzinga Pro for real-time alerts.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
