ZS · expected move by expiry
Zscaler is priced to move 16.7% by 2026-Sep-04.
Options price a ±16.69% move (about $30.75) by 2026-Sep-04 (Fri), a range of 151.75 to 213.24 from the last price of 184.23. Max pain for that expiry is 175.00.
ZS
Zscaler, Inc.
Last
184.23 -3.07 (-1.6%)
Next expiry move
±16.69% 6 days
Vol regime
Low
Put / call
1.24
Weekend
Fetched 2026-08-30, 02:52:14 AM ET
Fetched 2026-08-30, 02:52:14 AM ET
expected range last price 184.23 max painAxis 139 to 228, shared by every row
Expiry
Expected range (1 SD)
Expected move
Max pain
Odds inside
2026-Sep-04Fri, 6 days
151.75
213.24
Expected move±16.69%±$30.75
Max pain175.005.0% below last price
Odds of closing inside71%put/call 1.24
2026-Sep-11Fri, 13 days
151.57
216.89
Expected move±17.73%±$32.66
Max pain155.0015.9% below last price
Odds of closing inside69%put/call 1.58
2026-Sep-18Fri, 20 days
143.55
213.63
Expected move±19.02%±$35.04
Max pain165.0010.4% below last price
Odds of closing inside69%put/call 0.33
2026-Sep-25Fri, 27 days
148.03
220.43
Expected move±19.65%±$36.20
Max pain180.002.3% below last price
Odds of closing inside69%put/call 1.58
2026-Oct-02Fri, 34 days
145.22
223.24
Expected move±21.18%±$39.01
Max pain172.506.4% below last price
Odds of closing inside69%put/call 5.89
Options flow, nearest expiry
Caution
Bearish - options flow points to downside Score -0.53 on a -1 to +1 scale.
Key levels from open interest
148.00 / 200.00
Heaviest put open interest sits at 148.00 and heaviest call open interest at 200.00. Price tends to gravitate toward large open interest into expiry.
Setup
Pre-Earnings / IV Spike Setup
Read from implied volatility, momentum and breakout signals across the chain. Descriptive, not a forecast.
Reading the ZS expected move table
Each row is one expiry. The shaded band is the one-standard-deviation range the option chain implies for ZS on that date: the market gives roughly a two-in-three chance that ZS closes inside it and a one-in-three chance it closes outside. The black tick is the last traded price, 184.23. The diamond is max pain, the strike where option holders would collect the least if the stock settled there.
The range widens with time because uncertainty compounds with the square root of time: the 2026-Oct-02 range (±21.18%) is wider than the 2026-Sep-04 range (±16.69%) even though the daily volatility behind both is the same. Read the methodology for the formulas, or the guide to what the expected move means in practice.
Figures are derived from delayed public option data and recalculated through the trading day. Nothing on this page is investment advice. Machine-readable version: /api/expected-move/ZS.
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