Zscaler Inc. (ZS)

ZS trades at $305.41, 2.7% above the near-term max pain of $297.5 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($210-$300), signaling increased put positioning or downside protection. Key magnetic zone at 280 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ZS shows a downward trend from 300 to 210, indicating bearish sentiment or hedging activity. The 33% spread signals divergent expectations across timeframes. Most levels below 305.41 may cap rallies. Strong magnetic level at 280 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.