Zscaler Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Significant bearish options activity has been observed in Zscaler (NASDAQ:ZS), with a notable volume of puts and calls indicating a bearish sentiment among big-money traders. The options activity suggests a price target range of $125 to $350 for ZS. Despite this, Zscaler's stock is currently down by -14.36%, trading at $213.27, with an earnings announcement expected in 8 days. Analyst ratings in the last month have varied, with an average target price of $241.8.
February 21, 2024 | 5:16 pm
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Significant bearish options activity observed in Zscaler, with a price target range of $125 to $350. The stock is currently down, with an earnings announcement expected soon. Analyst ratings show a mixed but generally positive outlook with an average target price of $241.8.
The bearish options activity, combined with the current downward trend in Zscaler's stock price and the upcoming earnings announcement, suggests a negative short-term impact. However, the mixed analyst ratings with a relatively high average target price indicate underlying positive sentiment that could mitigate some of the bearish pressure.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100