Looking At Zscaler's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Options trading activity for Zscaler (NASDAQ:ZS) indicates a bearish sentiment among financial giants, with 61% of the unusual trades being bearish. The trades include 9 puts and 12 calls, with a focus on strike prices between $160 and $270. Zscaler, a SaaS cybersecurity firm, is currently trading at $211.19 with a slight increase of 0.45% and may be approaching overbought territory. The next earnings release is expected in 56 days.
January 04, 2024 | 7:01 pm
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Bearish options activity and a potential overbought RSI suggest a cautious outlook for Zscaler's stock in the short term. The stock is currently up, but investors should be aware of the upcoming earnings release in 56 days.
The bearish options activity, with a higher value in puts than calls, suggests that traders are anticipating a potential decline in Zscaler's stock price. The RSI nearing overbought levels could also lead to a pullback. However, the actual stock movement will depend on various factors including market conditions and the upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100