A Closer Look at Zscaler's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Zscaler (NASDAQ:ZS) has seen a bullish trend in its options market, with 58% of trades being bullish and 42% bearish. The options trading has focused on a price range of $200.0 to $340.0. The largest trades include both bullish and bearish sentiments, with significant amounts invested in both puts and calls. Zscaler, a cloud-native cybersecurity solutions provider, has seen its stock price increase by 1.91% to $254.18, with a high trading volume and an RSI indicating it may be approaching overbought territory. The next earnings report is expected in 20 days.
February 09, 2024 | 4:45 pm
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Zscaler has experienced a bullish trend in its options market, with a significant focus on a price range between $200 and $340. The stock has recently increased by 1.91% to $254.18, with an upcoming earnings report in 20 days.
The bullish sentiment in Zscaler's options market, combined with the recent stock price increase, suggests a positive short-term outlook. However, the approaching earnings report and the indication of the stock potentially being overbought could introduce volatility. The focus on a wide price range in options trading reflects investor confidence in the stock's performance, but caution is advised due to the potential for rapid changes around earnings announcements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100