An Analysis of Zscaler's Recent Short Interest Trends
Dec 4, 2024
Smart Money Invests Heavily in Zscaler Options
Major financial players have made significant bullish moves involving Zscaler, as evidenced by recent options trading analysis. Our review of Zscaler's options history has uncovered 13 trades that stand out due to their atypical nature.
In examining these trades, we observed that 46% of traders exhibited a bullish outlook on Zscaler, while 30% leaned bearish. Among the trades identified, there were 8 put options valued at approximately $374,856 and 5 call options with a combined value of about $419,285.
Price Targets for Zscaler
After analyzing trading volumes and open interest in the past three months, it becomes clear that significant market participants are setting their sights on a price range for Zscaler between $100.00 and $260.00.
Volume & Open Interest Trends
Tracking volume and open interest is crucial when engaging in options trading. This data is instrumental in assessing the liquidity and interest surrounding Zscaler's options for specific strike prices. Below, we present a snapshot of the volume and open interest for Zscaler options from prominent trades within the strike price range of $100.00 to $260.00 over the past 30 days.
Recent Options Trading Overview
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ZS | CALL | TRADE | BEARISH | 09/19/25 | $9.6 | $8.8 | $9.1 | $260.00 | $124.6K | 237 | 1 |
| ZS | CALL | SWEEP | BULLISH | 03/21/25 | $12.4 | $12.15 | $12.4 | $200.00 | $124.0K | 385 | 104 |
| ZS | PUT | SWEEP | BULLISH | 04/17/25 | $9.3 | $9.15 | $9.15 | $165.00 | $93.3K | 109 | 449 |
| ZS | CALL | SWEEP | NEUTRAL | 12/27/24 | $87.5 | $83.8 | $85.43 | $100.00 | $85.4K | 1 | 10 |
| ZS | PUT | TRADE | BULLISH | 12/20/24 | $3.35 | $2.93 | $2.85 | $185.00 | $71.2K | 1.6K | 764 |
About Zscaler
Zscaler is a software-as-a-service (SaaS) company that specializes in providing cloud-native cybersecurity solutions aimed primarily at enterprise clients. Its services are categorized into two main offerings: Zscaler Internet Access, which facilitates secure access to external applications, and Zscaler Private Access, which ensures secure access to internal applications. Founded in 2018 and headquartered in San Jose, California, Zscaler has made a substantial mark in the cybersecurity sector.
Current Status of Zscaler
- Current trading volume is at 893,433, with Zscaler's price up by 2.4%, reaching $190.15.
- Relative Strength Index (RSI) indicators suggest that the stock may be nearing oversold conditions.
- An earnings announcement is anticipated in 70 days, which could influence trading.
Analysts' Views on Zscaler
Recently, five analysts issued ratings for Zscaler, with an average target price set at $229.00. Notably, an analyst from KeyBanc continues to maintain an Overweight rating for Zscaler, with a price target of $250. Conversely, another analyst from Needham has downgraded their rating to Buy, with a set price target of $240. Additionally, an analyst from Wells Fargo has kept an Equal-Weight rating, aiming for a price of $190, while JP Morgan’s analyst has sustained an Overweight rating, targeting $240. Lastly, Susquehanna maintains a Positive rating with a target price of $225.
Engaging in options trading can involve considerable risks but also presents opportunities for substantial rewards. Experienced traders often reduce such risks through continuous learning, strategic trade modifications, and by monitoring market trends. To stay updated with the latest Zscaler options trading developments, utilizing real-time alerts can be beneficial.
Zscaler, Options, Trading