Zscaler Inc. (ZS)
Zscaler Max Pain By Strike
ZS trades at $270.99, pinned near the near-term max pain of $270 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($200-$310), reflecting growing call interest at higher strikes. Key magnetic zone at 260 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Zscaler Max Pain By Expiry
Max pain for ZS shows an upward trend from 200 to 310, suggesting bullish positioning in longer-dated options. The 42% spread signals divergent expectations across timeframes. Levels distributed around 270.99. Strong magnetic level at 260 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 270 | -0.99 (-0.37%) |
| Aug 22, 2025 | 280 | 9.01 (3.32%) |
| Aug 29, 2025 | 285 | 14.01 (5.17%) |
| Sep 5, 2025 | 275 | 4.01 (1.48%) |
| Sep 12, 2025 | 275 | 4.01 (1.48%) |
| Sep 19, 2025 | 260 | -10.99 (-4.06%) |
| Sep 26, 2025 | 260 | -10.99 (-4.06%) |
| Oct 17, 2025 | 290 | 19.01 (7.02%) |
| Nov 21, 2025 | 270 | -0.99 (-0.37%) |
| Jan 16, 2026 | 240 | -30.99 (-11.44%) |
| Feb 20, 2026 | 310 | 39.01 (14.40%) |
| Mar 20, 2026 | 260 | -10.99 (-4.06%) |
| May 15, 2026 | 230 | -40.99 (-15.13%) |
| Jun 18, 2026 | 220 | -50.99 (-18.82%) |
| Sep 18, 2026 | 290 | 19.01 (7.02%) |
| Dec 18, 2026 | 200 | -70.99 (-26.20%) |
| Jan 15, 2027 | 230 | -40.99 (-15.13%) |