ZS - Options Database

ZSCALER INC

$179.20 +3.75%

(9/3 14:01) ◀

Thursday, September 3, 2026 (2:05pm)

▶ (9/3 15:01)

◀ 9/3 14:06 ▶

Option Volume

Detail

ℹ

Current (09/03 2:05pm) 54,793

Calls: 33,693 (61%)

Puts: 21,100 (39%)

Prior (09/02) 16,008

Calls: 9,934 (62%)

Puts: 6,074 (38%)

Current vs Prior +242.29%

Calls: +239.17% (Calls)

Puts: +247.38% (Puts)

Prior 7-Day Total 170,345

Calls: 94,772 (56%)

Puts: 75,573 (44%)

Prior 7-Day Average 24,335

Calls: 13,538 (56%)

Puts: 10,796 (44%)

Current vs Prior 7-Day Avg +125.16%

Calls: +148.86%

Puts: +95.44%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (09/03 2:05pm) $36.25M

Calls: $25.63M (71%)

Puts: $10.62M (29%)

Prior (09/02) $11.91M

Calls: $6.93M (58%)

Puts: $4.98M (42%)

Current vs Prior +204.46%

Calls: +269.84%

Puts: +113.40%

Prior 7-Day Total $311.60M

Calls: $95.64M (31%)

Puts: $215.97M (69%)

Prior 7-Day Average $44.51M

Calls: $13.66M (31%)

Puts: $30.85M (69%)

Current vs Prior 7-Day Avg -18.56%

Calls: +87.62%

Puts: -65.58%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (09/03 2:05pm) 0.63

Prior (09/02) 0.61

Current vs Prior +2.42%

Prior 7-Day Average 0.95

Current vs Prior 7-Day Avg -34.17%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (09/03 2:05pm) 220,305

Calls: 120,774 (55%)

Puts: 99,531 (45%)

Prior (09/02) 211,907

Calls: 115,962 (55%)

Puts: 95,945 (45%)

Current vs Prior +3.96%

Prior 7-Day Total 1,270,033

Calls: 610,481 (55%)

Puts: 498,938 (45%)

Prior 7-Day Average 181,433

Calls: 87,211 (55%)

Puts: 71,276 (45%)

Current vs Prior 7-Day Avg +21.42%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)

Current 14.05% | 15.60%16.43% | 20.35%

Prior 13.37% | 14.45%15.43% | 19.88%

Current vs Prior +5.09% | +7.95%+6.53% | +2.33%

Prior 7-Day Avg 9.50% | 14.24%16.13% | 20.73%

Current vs 7-Day Avg +47.98% | +9.54%+1.88% | -1.83%

Prior 7-Day Eod 13.37% | 14.45%15.88% | 19.68%

Current vs 7-Day Eod +5.09% | +7.95%+3.49% | +3.36%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 4.18% | 6.49%

Calls: 3.88% | 4.54%

Puts: 4.48% | 8.44%

Prior 7.12% | 5.18%

Calls: 6.28% | 4.13%

Puts: 7.96% | 6.23%

Current vs Prior -41.29% | +25.29%

Prior 7-Day Avg 21.37% | 8.04%

Calls: 20.65% | 6.67%

Puts: 22.10% | 9.42%

Current vs 7-Day Avg -80.44% | -19.31%

Liquidity Acceptable

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🤖 AI Insights

Moderately bullish flow with 71% call dollar volume ($25.63M). Massive premium surge with dollar volume up 204% vs prior. Unusually high activity with volume up 242% vs prior - elevated interest. Volume explosion - 125% above 7-day average (54,793 vs avg 24,335).

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BEARISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
14:05	BULLISH	BULLISH	BULLISH
14:00	BULLISH	BULLISH	BULLISH
13:00	BULLISH	BULLISH	BULLISH
12:00	BULLISH	BULLISH	BULLISH
11:00	BULLISH	BULLISH	BULLISH
10:35	BULLISH	BULLISH	BULLISH
10:30	BULLISH	BULLISH	BULLISH
10:25	BULLISH	BULLISH	BULLISH
10:20	BULLISH	BULLISH	BULLISH
10:15	BULLISH	BULLISH	BULLISH
10:10	BULLISH	BULLISH	BULLISH
10:05	BULLISH	BULLISH	BULLISH
10:00	BULLISH	BULLISH	BULLISH
09:55	BULLISH	BULLISH	BULLISH
09:50	BULLISH	BULLISH	BULLISH
09:45	BULLISH	BULLISH	BULLISH
09:40	BULLISH	BULLISH	BULLISH
09:35	BULLISH	BULLISH	BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 159 of results (avg 6.9%, best 1.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 4	5.10	5.20	$5.15	1.9%	3.5K	0.29	1.7K
$185.00	Oct 16	14.75	15.25	$15.00	3.3%	42	0.50	39
$180.00	Sep 4	11.60	12.00	$11.80	3.4%	538	0.53	541
$180.00	Sep 11	13.00	13.45	$13.23	3.4%	255	0.53	70
$177.50	Sep 4	12.65	13.15	$12.90	3.9%	614	0.56	105

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$175.00	Sep 4	9.55	9.90	$9.73	3.6%	696	0.41	175
$170.00	Sep 4	7.10	7.40	$7.25	4.1%	234	0.34	347
$180.00	Sep 18	14.10	14.70	$14.40	4.2%	97	0.47	649
$202.50	Sep 4	27.00	28.15	$27.58	4.2%	39	0.73	1
$200.00	Sep 4	25.15	26.25	$25.70	4.3%	1	0.71	32

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 3 found (avg $0.85, cheapest $0.78)

CALLS (0)

No calls meet the criteria

PUTS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$145.00	Sep 4	0.75	0.80	$0.78	6.4%	381	0.06	667
$146.00	Sep 4	0.77	0.90	$0.84	15.5%	107	0.07	145
$147.00	Sep 4	0.85	1.02	$0.94	18.1%	100	0.07	119

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 112 found (avg delta 0.68, highest 0.95)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$144.00	Sep 4	34.00	36.85	$35.42	8.0%	--	0.95	15
$145.00	Sep 4	33.10	35.85	$34.48	8.0%	2	0.94	31
$146.00	Sep 4	32.20	35.00	$33.60	8.3%	--	0.93	62
$147.00	Sep 4	31.35	34.15	$32.75	8.5%	--	0.93	42
$149.00	Sep 4	30.15	32.45	$31.30	7.3%	1	0.91	4

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$212.50	Sep 4	35.20	36.95	$36.08	4.9%	--	0.82	20
$210.00	Sep 4	33.15	34.75	$33.95	4.7%	4	0.80	11
$210.00	Sep 11	33.95	36.05	$35.00	6.0%	1	0.77	--
$205.00	Sep 4	29.05	30.85	$29.95	6.0%	13	0.75	1
$210.00	Sep 18	34.75	37.15	$35.95	6.7%	--	0.75	183

Most actively traded options today. High liquidity = easy entry/exit. 252 active (total vol 31.1K, top 3.5K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$200.00	Sep 4	5.10	5.20	$5.15	1.9%	3.5K	0.29	1.7K
$215.00	Sep 4	2.15	2.50	$2.33	15.0%	2.0K	0.16	200
$210.00	Sep 4	3.00	3.20	$3.10	6.5%	1.6K	0.20	591
$175.00	Sep 11	15.10	15.95	$15.52	5.5%	1.0K	0.59	244
$190.00	Sep 4	7.75	8.10	$7.93	4.4%	912	0.40	557

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$150.00	Sep 4	1.30	1.45	$1.38	10.9%	1.7K	0.10	827
$160.00	Sep 4	3.45	3.70	$3.58	7.0%	733	0.21	652
$175.00	Sep 4	9.55	9.90	$9.73	3.6%	696	0.41	175
$157.50	Sep 4	2.75	3.00	$2.88	8.7%	560	0.18	305
$165.00	Sep 4	5.00	5.30	$5.15	5.8%	519	0.27	695

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 44 strikes (avg 289.8%, max 346.9%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$177.50	Sep 4	Oct 9	311.3%	69.7%	346.9%	617	106
$175.00	Sep 4	Oct 16	306.1%	68.5%	346.6%	423	697
$200.00	Sep 4	Oct 16	311.2%	70.9%	339.2%	3.5K	1.8K
$170.00	Sep 4	Oct 16	299.0%	68.3%	337.8%	128	226
$185.00	Sep 4	Oct 16	312.5%	71.5%	336.9%	353	513

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$177.50	Sep 4	Oct 9	311.3%	69.7%	346.9%	217	228
$175.00	Sep 4	Oct 16	306.1%	68.5%	346.6%	716	339
$170.00	Sep 4	Oct 16	299.0%	68.3%	337.8%	299	451
$185.00	Sep 4	Oct 16	312.5%	71.5%	336.9%	77	280
$165.00	Sep 4	Oct 16	290.8%	66.9%	334.7%	593	716

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 215 found (best R:R 1.38, avg 2.26)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$157.50	$160.00	Sep 4	$1.05	$1.45	$1.05	82%	1.38	$158.55
$180.00	$182.50	Oct 9	$0.35	$2.15	$0.35	53%	6.14	$180.35
$200.00	$210.00	Oct 16	$2.25	$7.75	$2.25	37%	3.44	$202.25
$165.00	$170.00	Oct 16	$2.42	$2.58	$2.42	68%	1.07	$167.42
$187.50	$190.00	Sep 18	$0.25	$2.25	$0.25	45%	9.00	$187.75

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	POP	R:R	BE
$195.00	$192.50	Sep 4	$1.20	$1.30	$1.20	66%	1.08	$193.80
$200.00	$197.50	Sep 4	$1.40	$1.10	$1.40	71%	0.79	$198.60
$165.00	$162.50	Sep 25	$0.45	$2.05	$0.45	31%	4.56	$164.55
$160.00	$157.50	Oct 2	$0.35	$2.15	$0.35	26%	6.14	$159.65
$165.00	$162.50	Oct 2	$0.53	$1.97	$0.53	31%	3.72	$164.47

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 155 found (best R:R 1.17, avg 0.54)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$185.00	$187.50	Sep 18	$1.60	$1.60	$0.90	52%	1.78	$186.60
$190.00	$192.50	Sep 18	$1.28	$1.28	$1.22	57%	1.05	$191.28
$210.00	$215.00	Sep 25	$1.31	$1.31	$3.69	74%	0.36	$211.31
$205.00	$207.50	Sep 11	$0.80	$0.80	$1.70	73%	0.47	$205.80
$180.00	$182.50	Sep 25	$1.45	$1.45	$1.05	47%	1.38	$181.45

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	POP	R:R	BE
$170.00	$165.00	Oct 9	$2.70	$2.70	$2.30	63%	1.17	$167.30
$170.00	$165.00	Oct 16	$2.47	$2.47	$2.53	63%	0.98	$167.53
$162.50	$160.00	Sep 25	$1.40	$1.40	$1.10	71%	1.27	$161.10
$157.50	$155.00	Oct 2	$1.20	$1.20	$1.30	75%	0.92	$156.30
$157.50	$155.00	Sep 25	$1.14	$1.14	$1.36	76%	0.84	$156.36

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 26 found (avg debit $1.31, cheapest $1.83)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$197.50	Sep 4	Sep 11	$0.85	312.2%	124.1%
$177.50	Sep 4	Sep 11	$1.43	311.3%	123.6%
$192.50	Sep 4	Sep 11	$1.00	312.3%	124.9%
$195.00	Sep 4	Sep 11	$1.07	312.1%	126.1%
$185.00	Sep 4	Sep 11	$1.30	312.5%	126.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$197.50	Sep 4	Sep 18	$1.83	312.2%	96.7%
$177.50	Sep 4	Sep 11	$1.07	311.3%	123.6%
$192.50	Sep 4	Sep 11	$0.75	312.3%	124.9%
$195.00	Sep 4	Sep 11	$1.60	312.1%	126.1%
$185.00	Sep 4	Sep 11	$1.42	312.5%	126.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 64 found (cheapest 13.10% of stock, avg 16.15%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$170.00	Sep 4	$16.23	$7.25	$23.48	$146.52	$193.48	13.10%
$167.50	Sep 4	$17.40	$6.10	$23.50	$144.00	$191.00	13.11%
$172.50	Sep 4	$15.10	$8.43	$23.53	$148.97	$196.03	13.13%
$175.00	Sep 4	$14.08	$9.73	$23.81	$151.19	$198.81	13.29%
$177.50	Sep 4	$12.90	$11.13	$24.03	$153.47	$201.53	13.41%
$180.00	Sep 4	$11.80	$12.28	$24.08	$155.92	$204.08	13.44%
$165.00	Sep 4	$19.35	$5.15	$24.50	$140.50	$189.50	13.67%
$182.50	Sep 4	$10.65	$13.98	$24.63	$157.87	$207.13	13.74%
$185.00	Sep 4	$9.73	$15.35	$25.08	$159.92	$210.08	14.00%
$162.50	Sep 4	$20.83	$4.33	$25.16	$137.34	$187.66	14.04%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 8.04% of stock, avg 12.72%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$192.50	$170.00	Sep 4	$7.15	$7.25	$14.40	$155.60	$206.90
$192.50	$172.50	Sep 4	$7.15	$8.43	$15.58	$156.92	$208.08
$210.00	$160.00	Oct 16	$7.50	$7.85	$15.35	$144.65	$225.35
$190.00	$170.00	Sep 4	$7.93	$7.25	$15.18	$154.82	$205.18
$190.00	$172.50	Sep 4	$7.93	$8.43	$16.36	$156.14	$206.36
$192.50	$170.00	Sep 11	$8.15	$8.70	$16.85	$153.15	$209.35
$210.00	$165.00	Oct 16	$7.50	$9.68	$17.18	$147.82	$227.18
$192.50	$175.00	Sep 4	$7.15	$9.73	$16.88	$158.12	$209.38
$187.50	$170.00	Sep 4	$8.80	$7.25	$16.05	$153.95	$203.55
$190.00	$175.00	Sep 4	$7.93	$9.73	$17.66	$157.34	$207.66

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 168 found (best R:R 3.39, avg credit $1.46)

Put Spread	Call Spread	Expiry	Credit	Max Loss	POP	R:R	BE Low	BE High
155/158	205/208	Oct 2	$1.93	$0.57	44%	3.39	$155.57	$206.93
160/162	205/208	Oct 2	$1.88	$0.62	40%	3.03	$160.62	$206.88
155/158	208/210	Oct 2	$1.70	$0.80	47%	2.13	$155.80	$209.20
146/147	200/202	Sep 11	$1.31	$1.19	56%	1.10	$145.69	$201.31
150/152	205/208	Oct 2	$1.48	$1.02	49%	1.45	$151.02	$206.48
160/162	208/210	Oct 2	$1.65	$0.85	42%	1.94	$160.85	$209.15
152/155	200/202	Sep 11	$1.36	$1.14	50%	1.19	$153.64	$201.36
152/155	205/208	Oct 2	$1.43	$1.07	47%	1.34	$153.57	$206.43
158/160	200/202	Sep 11	$1.47	$1.03	45%	1.43	$158.53	$201.47
145/147	205/208	Oct 2	$1.23	$1.27	54%	0.97	$145.77	$206.23

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 116 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$190.00	$195.00	$200.00	Oct 16	$0.05	$4.95	8%	99.00
$200.00	$205.00	$210.00	Oct 9	$0.05	$4.95	8%	99.00
$200.00	$205.00	$210.00	Sep 25	$0.07	$4.93	8%	70.43
$190.00	$195.00	$200.00	Oct 2	$0.10	$4.90	9%	49.00
$195.00	$200.00	$205.00	Oct 9	$0.10	$4.90	8%	49.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	POP	R:R
$200.00	$205.00	$210.00	Sep 18	$0.07	$4.93	8%	70.43
$170.00	$175.00	$180.00	Oct 16	$0.12	$4.88	9%	40.67
$165.00	$167.50	$170.00	Sep 25	$0.05	$2.45	5%	49.00
$145.00	$150.00	$155.00	Oct 16	$0.19	$4.81	8%	25.32
$160.00	$162.50	$165.00	Sep 4	$0.07	$2.43	6%	34.71

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 28 found (best net $-5.33, 28 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$212.50	$215.00	1:2	Sep 4	-$1.92	$0.58
$210.00	$215.00	1:2	Sep 25	-$2.76	$2.24
$200.00	$210.00	1:2	Oct 16	-$5.25	$4.75
$210.00	$212.50	1:2	Sep 4	-$2.38	$0.12
$210.00	$215.00	1:2	Sep 18	-$3.06	$1.94

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$197.50	$180.00	1:2	Oct 9	-$5.33	$12.17
$155.00	$145.00	1:2	Oct 9	-$1.39	$8.61
$145.00	$144.00	1:2	Sep 4	-$0.50	$0.50
$146.00	$145.00	1:2	Sep 4	-$0.72	$0.28
$147.00	$146.00	1:2	Sep 4	-$0.74	$0.26

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 80 found (best yield 8.23%, avg 4.65%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$185.00	Oct 16	$14.75	0.50	3.2%	8.23%	11.47%	42	39
$190.00	Oct 16	$12.70	0.45	6.0%	7.09%	13.11%	37	44
$195.00	Oct 16	$11.00	0.41	8.8%	6.14%	14.96%	14	32
$200.00	Oct 16	$9.50	0.37	11.6%	5.30%	16.91%	32	139
$180.00	Oct 16	$16.75	0.54	0.5%	9.35%	9.79%	341	58
$210.00	Oct 16	$7.20	0.30	17.2%	4.02%	21.21%	114	43
$182.50	Oct 9	$14.65	0.51	1.8%	8.18%	10.02%	2	--
$185.00	Oct 9	$13.50	0.48	3.2%	7.53%	10.77%	5	3
$190.00	Oct 2	$11.05	0.43	6.0%	6.17%	12.19%	23	39
$187.50	Oct 2	$11.85	0.46	4.6%	6.61%	11.24%	2	6

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Current Put/Call Breakdown

Total Calls 33,693

Total Puts 21,100

Put/Call Ratio 0.63

Net Difference 12,593

Prior's Put/Call Breakdown

Total Calls 9,934

Total Puts 6,074

Put/Call Ratio 0.61

Net Difference 3,860

Prior 7-Day Put/Call Summary

Total Calls 94,772

Total Puts 75,573

Average Put/Call Ratio 0.95

Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

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Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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