Zscaler's Options: A Look at What the Big Money is Thinking - Zscaler (NASDAQ:ZS)

Core Insights - Investors are showing a bullish stance on Zscaler (NASDAQ:ZS), with significant options trades indicating potential upcoming movements in the stock [1][2] - The overall sentiment among large traders is mixed, with 43% bullish and 37% bearish positions noted [2] Trading Activity - A total of 16 uncommon options trades for Zscaler were detected, with 8 puts amounting to $263,616 and 8 calls totaling $580,004 [2] - Major market movers are focusing on a price range between $200.0 and $240.0 for Zscaler over the past three months [3] Volume and Open Interest - Insights into volume and open interest reveal liquidity and interest levels for Zscaler's options, particularly within the $200.0 to $240.0 strike price range over the last month [4] Options Trade Details - Significant options trades include various call and put options with different sentiments and strike prices, indicating diverse investor strategies [7] - For example, a bearish call trade was noted at a strike price of $200.00 with a total trade amount of $210.9K [7] Company Overview - Zscaler is a SaaS firm specializing in cloud-native cybersecurity solutions, primarily serving enterprise customers [8] - The company offers Zscaler Internet Access for secure external application access and Zscaler Private Access for secure internal application access [8] Analyst Ratings - Recent analyst ratings for Zscaler show a consensus target price of $288.75, with various analysts maintaining different ratings and price targets ranging from $260 to $305 [9][10]