Zscaler, Inc. · Brief

Next report

21 days

Nov 24 · after closeest.Q1 FY27

Expected move

±0.2%implied · report alone

223.29224.29

straddle ±14.2%

spot 223.79exp Nov 27ATM strike 225ATM straddle 37.50IV 80%

Nov 2 closereport share · term structure

Expected move

—≥ implied

Q4 FY26±12.6%▼−4.50%×0.36

quarterimplied−15%0+15%realized×

Q4 FY26±12.6%▼−4.50%×0.36

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Nov 24 report · est.

Bull2 of 3

761managers reporting a position in the latest quarterly filings13F · Jun 30 '26

5 of 24of the largest reporting managers cut their stake in the latest quarter13F · Jun 30 '26

Bear1

55managers whose positions together make up four fifths of the reported value13F · Jun 30 '26

AI captions · Sep 28 '26once per report · top 2 per case

ZS report session

No linked exposure.

No changes.

privateThesis 0 · Decisions 0 · Observations 0

No thesis.