ZS
Zscaler IncPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 200 |
| Put Wall | 180 |
| GEX Flip | 190 |
| Vol Trigger | 180 |
| Net GEX | $20.7M |
Cached snapshot as of 2026-09-16 09:10 UTC, live streaming data in the terminal.
ZS DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near ZS's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the ZS option chain, not the whole book: the 30 strikes nearest spot out of 63 seen, 1,202 contract rows spanning 17 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 150 | -$223.8K | $292.6K | -$516.4K | |
| 152.5 | -$19.9K | $0 | -$19.9K | |
| 155 | -$393.1K | $84.3K | -$477.4K | |
| 157.5 | -$23.2K | $749 | -$23.9K | |
| 160 | -$337.1K | $124.6K | -$461.6K | |
| 162.5 | -$7.9K | $18.0K | -$25.8K | |
| 165 | -$211.9K | $158.3K | -$370.3K | |
| 167.5 | $262 | $31.0K | -$30.7K | |
| 170 | $671.4K | $1.1M | -$393.7K | |
| 172.5 | $145.6K | $187.0K | -$41.4K | |
| 175 | $212.2K | $1.2M | -$980.8K | |
| 177.5 | -$189.5K | $188.3K | -$377.8K | |
| 180PUT WALL | $508.7K | $2.3M | -$1.8M | |
| 182.5 | $322.9K | $788.0K | -$465.1K | |
| 185 | $1.4M | $2.5M | -$1.0M | |
| 187.5 | -$105.8K | $452.3K | -$558.0K | |
| 190GEX FLIP | $2.8M | $3.8M | -$1.0M | |
| 192.5SPOT | $499.9K | $626.6K | -$126.7K | |
| 195 | $1.9M | $2.3M | -$467.5K | |
| 197.5 | $338.5K | $367.8K | -$29.3K | |
| 200CALL WALL | $6.0M | $6.7M | -$674.3K | |
| 202.5 | $90.3K | $90.3K | $0 | |
| 205 | $762.4K | $762.4K | $0 | |
| 207.5 | $78.7K | $78.7K | $0 | |
| 210 | $4.0M | $4.0M | -$674 | |
| 215 | $156.8K | $156.8K | $0 | |
| 220 | $1.3M | $1.3M | -$749 | |
| 225 | $52.7K | $52.7K | $0 | |
| 230 | $997.5K | $1.1M | -$57.7K | |
| 235 | $5.4K | $5.4K | $0 |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT ZS
Zscaler operates a cloud-native zero trust security platform that replaces traditional network security appliances. Its Zero Trust Exchange processes over 300 billion daily transactions, providing secure internet access, private application access, and digital experience monitoring.
WHY TRACK ZS ON SQUAWKFLOW
ZS options flow signals zero trust security adoption trends. Billings growth creates binary earnings outcomes. Large enterprises shifting from legacy VPN to zero trust architecture show up as institutional accumulation in options.
ZS DATA ON SQUAWKFLOW
Options Flow
ZS options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last ZS price, change, volume, and the current dealer-gamma regime
GEX Dashboard
ZS gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of ZS market microstructure in real time
News Sentiment
ZS news with AI sentiment scoring and impact analysis
Sector Context
Technology sector rotation and relative strength vs peers
Track ZS in the Terminal
Options flow, per-strike dealer gamma, key levels, and AI narration, free.
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