Behind the Scenes of Zscaler's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options activity for Zscaler (NASDAQ:ZS) shows a significant bearish sentiment among big-money traders, with 46% of trades being bearish. The options trades include 1 put and 14 calls, with a total trade value of $656,120. Analysts have mixed ratings on Zscaler, with a consensus target price of $230.0.
June 27, 2024 | 4:03 pm
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Zscaler has seen significant bearish options activity, with 46% of trades being bearish. The stock is currently trading at $179.25, up by 0.18%. Analysts have mixed ratings with a consensus target price of $230.0.
The significant bearish sentiment in options trading suggests that big-money traders expect a potential decline in Zscaler's stock price. This is further supported by the mixed analyst ratings and the current overbought RSI readings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100