Zscaler Sees Big Money Taking Bearish Stance on Stock, Benzinga Reports

Investors with a lot of money to spend have taken a bearish stance on $Zscaler(ZS.US)$, Benzinga reported, citing 11 uncommon options trades for the stock. The trades signal 81% were leaning bearish while 18% were bullish, according to the report. Seven of them were puts, for a total amount of $352,274, and four were calls, for a total amount of $406,006.

The volume and open interest data on the contracts signal the big players were eyeing a price ranging from $180 to $250 for Zscaler during the past quarter. The stock traded at $179.04, up 1.1% at close in New York. Read the full report here: Options Corner: Zscaler Sees Big Money Take Bearish Stance on Stock