Exploring Recent Trends in Zscaler Options Trading

Investors with significant financial resources are showing a bullish interest in Zscaler. Recent analysis of options trading activities for Zscaler (NASDAQ: ZS) has revealed a balanced approach among traders, with half demonstrating bullish sentiments while the other half bet on bearish movements.

Through our review of eight recent trades, we find that four were put options, aggregating to an investment of $158,053, while the remaining four were call options, amounting to $143,061.

Price Expectations from Traders

The volume and open interest trends indicate that substantial players in the market are targeting Zscaler’s price to fall within a range of $185.00 to $240.00 over the past three months.

Volume and Open Interest Analysis

At present, Zscaler's options trading environment shows an average open interest of 507.5 contracts, with total trading volume reaching 541.00. A comprehensive chart illustrates the shifts in both call and put option volumes alongside open interest for Zscaler trades, particularly focusing on strike prices between $185.00 and $240.00 over the last 30 days.

Overview of Major Options Trades

Symbol	PUT/CALL	Trade Type	Sentiment	Expiry Date	Ask	Bid	Price	Strike Price	Total Trade Value	Open Interest	Volume
ZS	PUT	TRADE	BULLISH	03/21/25	$6.45	$6.20	$6.30	$190.00	$63.0K	722	100
ZS	CALL	TRADE	BEARISH	08/15/25	$28.55	$27.45	$27.82	$210.00	$50.0K	17	18
ZS	PUT	SWEEP	BEARISH	03/21/25	$5.15	$5.10	$5.10	$185.00	$32.6K	890	239
ZS	PUT	SWEEP	BEARISH	02/28/25	$4.35	$4.30	$4.30	$200.00	$32.3K	64	76
ZS	CALL	SWEEP	BEARISH	06/20/25	$13.10	$12.80	$12.80	$240.00	$32.0K	1.2K	51

Understanding Zscaler

Zscaler specializes in cloud-based cybersecurity solutions, primarily targeting enterprise clients. Their products are divided into two main categories: Zscaler Internet Access, which secures access to external applications, and Zscaler Private Access, which secures access to internal applications. Established in San Jose, California, the company went public in 2018.

Zscaler's Current Market Status

• The shares of Zscaler are priced at $208.38, reflecting a slight increase of 2.03% on a trading volume of 461,783 shares.
• RSI indicators suggest that the stock may be nearing overbought conditions.
• Upcoming earnings announcements are anticipated within the next 26 days.

Analysts' Insights on Zscaler

Within the last month, two analysts have reviewed Zscaler's performance and set an average target price at $232.50. Consistently optimistic, an analyst from Scotiabank maintains an "Outperform" rating for Zscaler with a target set at $225. Meanwhile, another analyst at Needham has opted for a more cautious approach, reducing its rating to "Buy" and establishing a price target of $240.

While options trading carries greater risks compared to stock trading, they also offer higher potential returns. Experienced traders often mitigate this risk through education, managing trade sizes, monitoring multiple indicators, and keeping a close eye on market conditions.

For those keen on staying informed about Zscaler's options trading activities, real-time alerts are available through various platforms.

Zscaler, Options, Trading