- Wealthy whales have showcased bullish stances on Zscaler and Carvana, engaging in unusual option trades that indicate targeted price ranges.
- The sizeable investments in these trades have significantly influenced market trends, impacting share prices and trading volume.
In an increasingly complex financial market, understanding trading behaviors becomes extremely important. Notably, the activities of wealthy whale traders significantly direct the pace of market trends. Recently, these powerful entities have taken bullish stances on Zscaler and Carvana, and their activities have elicited considerable attention in the trading community.
Zscaler, a renowned player in the tech industry, has witnessed bullish activities from whale traders. The NASDAQ:ZS options posted 11 unusual trades, 72% of which were bullish, and the remaining 27% bearish. These trades saw a profound investment in calls amounting to $604,975, overpowering the funds spent on puts, which totaled $250,470. The imposing financial activity showcases clear bullish sentiments by the whales. They have consistently targeted a price range of $160.0 to $230.0 for Zscaler over the past three months, a strategy only decipherable through diligent analysis of volume and open interest.
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