ZS Zscaler, Inc. Options Ahead Of EarningsLooking at the ZS Zscaler, Inc. options chain ahead of earnings , i would buy the $119 strike price Puts with
2022-12-2 expiration date for about
$2.01 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Trade ideas
$ZS - Can it break out?In a broadening wedge. Attempted to breakout. ER was good enough. But the stock is selling off AF and at $130. Could be a potential break out play.
Target 1 - $145
Target 2 - $153
Target 3 - $183
Risk - Fall to $111 and worst case $80 gap fill.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
$ZS W$ZS W, in log since it looks better and look smarter. Current pa we're in, weekly flag measured move brings us to around 21.1.
Overall megaphone pattern with a measured move around $19 when we do get a break
141.40 is poc from covid and 47 is is poc from IPO
127 break and we can see free fall from volume gap and not much strong supports in between
we still up 340% from covid low
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8/10/22 ZSZscaler Inc ( NASDAQ:ZS )
Sector: Technology Services (Packaged Software)
Market Capitalization: $23.182B
Current Price: $180.41
Breakout Price: $186.75
Buy Zone (Top/Bottom Range): $169.90-$144.00
Price Target: $218.00-$224.00 (1st)
Estimated Duration to Target: 54-57d
Contract of Interest: $ZS 10/21/22 180c
Trade price as of publish date: $21.25/contract
ZS massive channelMassive descending channel on ZS with a possible retest of upper trendline.
If you zoom in on a smaller time frame (1HR) you can clear see some resistance at 163.94 / 164 level. This level has been holding for a week now.
If that level breaks, there is not much resistance until 186 which is 5/22 lows and trendline from the highs in December. A great R:R trade.
Short the Nasdaq Futures Contract at the 38.2% Now.Whether you wish to use QQQ or /NQ short Nasdaq at the value now 15045.88 up to the hi of 15068 (/NQ), I predict that the Nasdaq will be lower in the morning than it is now, before the Consumer Price Index is published at 8:30. Its anybody's guess as to if the Nasdaq will drop precipitously after a poor report showing inflation is continuing to rise. This is a short term play to do now, if you believe as I do, that the Nasdaq is overbought in the last two days. I began shorting the market, the second week in November and am convinced we are in for a major bear market, as I was at that time. If you trade short futures tomorrow, wait for confirmation with a downward spiking red candle and try to sell slightly higher than the lowest spike on a 5 minute chart. This is not financial advice. so, proceed at your own risk.






















