Zscaler (ZS) Protective Put Calculator
Calculator · free · no signup · ZSPrice a protective put or zero-cost collar on Zscaler. Annual cost, max loss, upside cap, tax treatment, auto-filled from current ZS option chain.
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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
Request beta access →About Zscaler
Zscaler (ZS) is a public Cybersecurity company, incorporated in Delaware and headquartered in San Jose, CA. IPO'd Mar 16, 2018.
Last close: $127.23 per share (as of 2026-06-16).
Equity grants at Zscaler typically include non-qualified stock options (NSOs) and restricted stock units (RSUs).
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
Source: Wikipedia (CC BY-SA 4.0)
Jay Chaudhry and K. Kailash founded Zscaler in 2007 to rebuild corporate security as a cloud service rather than a stack of on-premise appliances. The San Jose company routes employee web and application traffic through its Zero Trust Exchange, brokering access per-session instead of trusting the network perimeter. Core products split into ZIA for internet filtering, ZPA for private app access, and ZDX for digital experience monitoring. Shares debuted on NASDAQ in March 2018 at $16, and annual recurring revenue has since crossed $2 billion as enterprises retire legacy VPNs.
Sources: zscaler.com · en.wikipedia.org · ir.zscaler.com
Equity comp at Zscaler
- RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.
Researched 2026-05-07.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Zscaler.
A protective put caps your downside on the ZS position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current ZS option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share ZS position at $127.23 is worth $636,150. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $12,723 to $25,446) before any premium offset from a short call. The calculator prices both structures off ZS's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Zscaler tools → · Use the generic Protect Your Stock Calculator for any company.
Zscaler equity questions
- How much does it cost to hedge ZS stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and ZS's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current ZS option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Zscaler grant ISOs, NSOs, or RSUs?
- Equity compensation at Zscaler typically takes the form of non-qualified stock options (NSOs) and restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Zscaler RSUs use double-trigger vesting?
- No. Zscaler restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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