ZS · Cash-Secured-Puts

Zscaler, Inc. (ZS) cash-secured puts

A modelled cash-secured put from the published implied volatility, with breakeven and buffer.

$260.15
Modelled strike
$215.00
Modelled premium
$2.86
Cash required
$21,500.00
Breakeven
$212.14
Downside buffer
18.5%
Period return
1.3%
Annualized return
18.8%
Days to expiration
28
Strategy payoffModelled cash-secured put payoff. Spot $260.15. Expiry maximum profit $286.00 · Expiry maximum loss -$21,214.00 · Expiry breakevens $212.14. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$130.075: Expiration P/L: -$8,206.50 Update time unavailable
Event / reference markers
  • Spot: $260.15
  • Expiry breakeven $212.14: $212.14
  • sell put strike $215.00: $215.00
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$8,206.50Update time unavailable
-$7,946.35Update time unavailable
-$7,686.20Update time unavailable
-$7,426.05Update time unavailable
-$7,165.90Update time unavailable
-$6,905.75Update time unavailable
-$6,645.60Update time unavailable
-$6,385.45Update time unavailable
-$6,125.30Update time unavailable
-$5,865.15Update time unavailable
-$5,605.00Update time unavailable
-$5,344.85Update time unavailable
-$5,084.70Update time unavailable
-$4,824.55Update time unavailable
-$4,564.40Update time unavailable
-$4,304.25Update time unavailable
-$4,044.10Update time unavailable
-$3,783.95Update time unavailable
-$3,523.80Update time unavailable
-$3,263.65Update time unavailable
-$3,003.50Update time unavailable
-$2,743.35Update time unavailable
-$2,483.20Update time unavailable
-$2,223.05Update time unavailable
-$1,962.90Update time unavailable
-$1,702.75Update time unavailable
-$1,442.60Update time unavailable
-$1,182.45Update time unavailable
-$922.30Update time unavailable
-$662.15Update time unavailable
-$402.00Update time unavailable
-$141.85Update time unavailable
$0.00Update time unavailable
$118.30Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Spot referenceUpdate time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable
$286.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $212.14 per share after premium; the shares can keep falling.

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Data provenance

Figures are from published, reviewed research as of Oct 27, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.