ZS
Zscaler IncAs of 2026-10-30 15:57 ET, ZS net GEX is $402K per 1% move; ZS call wall is $240; put wall is $215.
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The price and the session change are a point-in-time snapshot taken at the time shown. The gamma levels run on a different clock: they are computed 2026-10-31 03:21 ET from the open interest carried on the option chain at that time and are not intraday values. 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.
As of 2026-10-31 03:21 ET, SquawkFlow published ZS at $237.83 at the 4:00 PM ET close on 2026-10-30 (-4.03%), net dealer gamma of $402K, a call wall at 240, a put wall at 215 and a zero-gamma flip at 237.5. The gamma figures are computed 2026-10-31 03:21 ET from the open interest carried on the option chain at that time; dealer positioning is an assumption, not an observable. Source: SquawkFlow, https://squawkflow.com/ticker/ZS.
MARKET SNAPSHOT
| Call Wall | 240 |
| Put Wall | 215 |
| GEX Flip | 237.5 |
| Swing Line | 230 |
| Net GEX | $402K |
Cached snapshot as of 2026-10-31 03:21 ET, 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 85 seen, 330 contract rows spanning 2 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. These rows came from the last chain saved to disk, not from a fresh provider response, so the vintage is older than the calculation time.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
All captured expirations. Chain as of .
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 275 | $153.2K | $155.5K | -$2.2K | |
| 272.5 | -$13.2K | $10.8K | -$24.0K | |
| 270 | $86.7K | $89.4K | -$2.7K | |
| 267.5 | -$2.8K | $27.4K | -$30.2K | |
| 265 | $77.4K | $109.3K | -$31.9K | |
| 262.5 | -$38.9K | $34.6K | -$73.5K | |
| 260 | -$28.5K | $298.4K | -$326.9K | |
| 257.5 | -$10.8K | $10.2K | -$21.0K | |
| 255 | $129.6K | $348.5K | -$218.8K | |
| 252.5 | -$11.2K | $47.0K | -$58.2K | |
| 250 | -$26.9K | $204.6K | -$231.5K | |
| 247.5 | -$25.7K | $9.7K | -$35.4K | |
| 245 | $211.9K | $279.2K | -$67.3K | |
| 242.5 | -$20.2K | $13.1K | -$33.3K | |
| 240CALL WALL | $379.9K | $440.0K | -$60.1K | |
| 237.5SPOTGEX FLIP | -$86.5K | $19.3K | -$105.7K | |
| 235 | $336.3K | $447.7K | -$111.4K | |
| 232.5 | $67.0K | $97.9K | -$30.9K | |
| 230 | $15.7K | $136.0K | -$120.3K | |
| 227.5 | -$38.2K | $59.2K | -$97.4K | |
| 225 | -$204.5K | $56.5K | -$261.0K | |
| 222.5 | -$70.5K | $26.0K | -$96.5K | |
| 220 | -$47.9K | $44.9K | -$92.8K | |
| 217.5 | -$84.0K | $51.1K | -$135.1K | |
| 215PUT WALL | -$311.4K | $29.0K | -$340.4K | |
| 212.5 | -$5.3K | $20.3K | -$25.6K | |
| 210 | $4.1K | $63.8K | -$59.6K | |
| 207.5 | -$29.2K | $15.4K | -$44.6K | |
| 205 | $9.6K | $31.4K | -$21.8K | |
| 202.5 | -$14.3K | $3.5K | -$17.8K |
These levels were captured October 31, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
COMMON QUESTIONS
- What was the last ZS price on this page?
- ZS close, Oct 30: $237.83 (-4.03%), as of 2026-10-31 03:21 ET.
- What are the ZS call wall and put wall?
- As of 2026-10-31 03:21 ET, the ZS call wall was at 240 and the put wall at 215, computed 2026-10-31 03:21 ET from the open interest carried on the option chain at that time.
- What is ZS net dealer gamma?
- As of 2026-10-31 03:21 ET, net dealer gamma for ZS was $402K, Neutral Gamma: Net Gamma Too Small to Sign. Dealer positioning is an assumption, not an observable.
- Where is the ZS gamma flip?
- As of 2026-10-31 03:21 ET, the ZS zero-gamma flip was at 237.5, computed 2026-10-31 03:21 ET from the open interest carried on the option chain at that time.
- How often do these ZS figures change?
- The price is a snapshot taken at the time shown. The gamma levels come from open interest that settles once per trading day, and the page refreshes at most once an hour.
ABOUT ZS
Zscaler provides cloud-based zero trust security software. Its Zero Trust Exchange supports 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 IN 13F FILINGS
2 of the 8 managers in SquawkFlow's 13F cohort with a filing on record reported shares of ZS (filed as ZSCALER INC, class COM) in their most recent Form 13F filing (newest: 2026-Q2, filed August 14, 2026). A 13F is filed up to 45 days after the quarter ends, so it is a dated snapshot, not a trade record.
- Bridgewater Associates LP reported 16,904 shares ($2.4M) at the end of 2026-Q2, filed August 14, 2026. 2026-Q2 filing
- Renaissance Technologies LLC reported 3,900 shares ($550K) at the end of 2026-Q2, filed August 13, 2026. 2026-Q2 filing
Form 13F reports long positions in 13(f) securities held on the last day of the quarter. It excludes short positions, cash, and assets outside 13(f) scope. An absent security is not evidence of a sale. Matched on the issuer name and share class as filed. The cohort is a named set of managers, not every 13F filer. All cohort managers
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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