The Fly

Zscaler call volume above normal and directionally bullish

Bullish option flow detected in Zscaler with 9,809 calls trading, 3x expected, and implied vol increasing almost 3 points to 69.89%. 1/27 weekly 120 calls and 1/27 weekly 119 calls are the most active options, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 0.31. Earnings are expected on February 23rd.

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