Buying ZS call contracts.

Zscaler Inc. (ZS) offers a cloud-based cybersecurity platform to help businesses protect their dat and network. This is becoming increasingly important as cyberattacks pick up and more companies adjust to employees working off site.

While ZS is an expensive stock, the company IS expected to generate growing profits for years to come. That separates ZS from many of the “no-profit” tech stocks that have been hammered lately.

The stock pulled back sharply alongside the broad tech market over the last few days. But today, ZS is finding support near it’s 200-day average and nearr a price point where the stock found support back in October as well.

Buying call contracts t this point gives us exposure to a quick rebound, while also giving us a clear line of support below. If this support level is breached, we can exit the position for a reasonable loss and move on to other opportunities as they evolve.

• Buy (to open) 2 ZS February 18th $230 Calls*
• Limit $44.00 or less
• The new position will represent roughly 8.5% of our Spec Model capital
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• 12:04 Executed
• Bot 2 ZS Feb 18th $230 Calls @ $43.80

*A previous version of this alert included the wrong call contract.