This article talks about a company called Zscaler and how some big people who have lots of money are making decisions about it. They are mostly betting that the company's value will go down, not up. This is important because it can affect how other people invest in the company too. Read from source...

1. The article title is misleading and clickbait-like, as it suggests that there is a surge in options activity for Zscaler, but does not provide any evidence or data to support this claim. A more accurate title would be "A Few Trades Detected in Options Activity for Zscaler".
2. The article uses the term "whales" to describe large investors who have taken a bearish stance on Zscaler, but does not explain what this means or why it is relevant. A more neutral and informative way of describing these investors would be "large institutional investors".
3. The article states that 36% of the investors opened trades with bullish expectations, but does not specify how many investors this represents or what the total value of these trades is. This makes it difficult to assess the impact and significance of these trades on Zscaler's stock price.
4. The article does not provide any context or background information about Zscaler, such as its industry, market position, financial performance, or recent developments. This makes it hard for readers to understand why Zscaler is an interesting or relevant company to invest in or trade options on.
5. The article ends with a promotion for Benzinga Pro, a subscription service that offers more detailed and advanced information about stocks and options. However, this feels forced and out of place, as it does not add any value or insight to the article itself. It also creates a conflict of interest, as it encourages readers to pay for a service that may not be worth the money or deliver on its promises.

- Zscaler (ZS) has been experiencing a surge in options activity, indicating high levels of interest and volatility in the stock. This could be a potential opportunity for both bullish and bearish traders, depending on their risk appetite and market outlook.
- The current price of ZS is $137.69, which is near its all-time high of $140.58, reached on April 29, 2021. This suggests that the stock is in a strong uptrend and has significant upside potential, especially if it breaks above this resistance level. However, there are also risks involved, such as a possible market correction or profit-taking by institutional investors, which could lead to a pullback in the stock price.
- The options history for ZS shows that some whales have taken a bearish stance on the stock, opening trades with put options, which give them the right to sell the stock at a specified price within a certain time frame. This indicates that they expect the stock to decline in value or consolidate in the near future. On the other hand, some investors have opened bullish trades with call options, which give them the right to buy the stock at a specified price within a certain time frame. This suggests that they are optimistic about the stock's performance and see potential for upside.
- Based on this analysis, a possible investment recommendation for ZS is to buy the stock at its current price or on dips, while also implementing a protective strategy, such as a stop-loss order or a hedging technique, to limit losses in case of an unexpected downturn. Alternatively, one could consider buying call options with a strike price below the current price and a expiration date far in the future, which would give them the right to benefit from any upside movement in the stock price, while also limiting their risk exposure. Another option is to sell put options with a strike price above the current price and an expiration date far in the future, which would generate income from the premium received, while also taking advantage of any rally in the stock price.
- The risks involved in investing in ZS include market volatility, liquidity issues, regulatory changes, competitive threats, and operational challenges, among others. Therefore, it is essential to monitor the stock's performance closely and adjust one's strategy accordingly. One should also diversify their portfolio and allocate funds according to their risk tolerance and investment objectives.