Zscaler, Inc. (ZS) Options Statistics & Positioning

Zscaler, Inc. (ZS) options trade at a 30-day at-the-money implied volatility of 48.1%, an IV rank of 7 out of 100 over the past year. The options market prices a ±$21.92 (±9.4%) move in ZS for the front expiration. Max pain sits at $185 and the put/call open interest ratio is 0.81. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$232.73

52-week range

$117.63 – $336.33

ATM IV (30d)

48.1%

IV rank

7 / 100

Low

Expected move

±$21.92 (±9.4%)

Put/call OI

0.81

Max pain

$185

↓ 20.5% below close

Next earnings

Dec 3, 2026

What's ZS's IV rank right now?Where's the max pain for ZS?Explain what gamma exposure means for ZS.

Most Active ZS Contracts

Contract	Expiration	DTE	Last	IV	Volume
ZS $235 call	Oct 16, 2026	7d	$5.92	49.3%	1,081
ZS $230 call	Oct 16, 2026	7d	$8.45	49.7%	1,042
ZS $200 put	Oct 16, 2026	7d	$0.13	56.8%	683
ZS $250 call	Nov 20, 2026	42d	$9.60	49.5%	651
ZS $245 call	Oct 16, 2026	7d	$2.58	51.0%	646

See all active ZS contracts →

Explore ZS Options Statistics

ZS Implied Volatility

48.1% ATM IV (30d)

An IV rank of 7 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

ZS Open Interest

0.81 put/call OI ratio

126,188 calls and 102,312 puts outstanding across all expirations.

Full open interest analysis →

ZS Max Pain

$185 max pain

20.5% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

ZS Gamma Exposure

$2.01B net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

ZS Options Volume

36,318 contracts traded

Put/call volume ratio 0.55 — plus contracts running far above their usual volume.

Full volume & flow analysis →

ZS Most Active Options

$230 top volume strike

The 25 most actively traded ZS contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

ZS's next expected earnings date is Dec 3, 2026. Options currently price a ±$21.92 (±9.4%) move for the front expiration.

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ZS Options FAQ

When is ZS's next earnings date?

ZS's next expected earnings date is Dec 3, 2026. Options currently price a ±$21.92 (±9.4%) move for the front expiration.

How often is ZS options data on this page updated?

All ZS statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see ZS max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated ZS pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.