Zscaler (ZS) and Guidewire Software (GWRE) are exhibiting significant options trading activity today, with ZS's options volume reaching 84.9% of its average daily share volume and GWRE's at 79.7%. Notably, the ZS $200 put option expiring September 19, 2025, is seeing particularly high volume, indicating notable bearish sentiment or downside hedging interest. Conversely, the GWRE $280 call option for the same September 2025 expiration is also highly active, suggesting substantial bullish positioning or upside exposure.
Zscaler (ZS) and Guidewire Software (GWRE) are experiencing notable options market activity, indicating significant institutional positioning or speculation. Zscaler's options volume has reached 14,966 contracts, equivalent to 84.9% of its average daily share volume, a substantial level of activity. The concentration of this volume in the September 19, 2025, $200 strike put option, with 1,085 contracts traded, signals a pointedly bearish sentiment or a significant hedging operation against a potential price decline below $200 over the medium-to-long term. Conversely, Guidewire Software's options volume of 5,212 contracts represents 79.7% of its average daily share volume. The high activity is focused on the $280 strike call option for the same September 2025 expiration, with 1,005 contracts traded. This suggests a strong bullish conviction, with traders positioning for significant upside in the stock price. The long-dated nature of both highlighted options implies that these market participants are making bets on the companies' strategic direction and performance over the next year, rather than on short-term volatility.
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