ZBRA options flow: unusual options activity in Zebra Technologies Corp.

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 10 unusual options prints in Zebra Technologies Corp. (ZBRA), $2.0M of tracked premium, leaning firmly bullish. Bullish premium was $1.9M against $67K bearish; $1.9M went into calls and $65K into puts, a put call ratio of 0.03. The largest print was $1.1M of ZBRA 21 May 2027 $440 calls on 23 September 2026, executed at ask. The last session with prints, 23 September 2026, added 7 prints and $1.4M of premium. ZBRA closed at $370.04 on 25 September 2026, up 1.4%.

This week's unusual flow

Unusual prints10
Tracked premium$2.0M
Net premium+$1.8M
Bullish premium$1.9M
Bearish premium$67K
Call premium$1.9M
Put premium$65K
P/C ratio0.03
Sweeps20%
Size over OI5
Whale prints1
High conviction1

Prints from 21 September 2026 to 23 September 2026, 3 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
23 Sep 2026ZBRA 21 May 2027 $440 callsTrade3750$1.1MAt askBullishWhale
21 Sep 2026ZBRA 19 Feb 2027 $430 callsTrade40015$552KAt askBullishHigh conviction
23 Sep 2026ZBRA 18 Dec 2026 $350 callsSweep1432$55KAt askBullishNotable
23 Sep 2026ZBRA 16 Oct 2026 $380 callsTrade4812$52KAt askBullishNotable
22 Sep 2026ZBRA 18 Dec 2026 $200 callsTrade317$48KAt askNeutral
23 Sep 2026ZBRA 20 Nov 2026 $430 callsTrade424$40KAt askBullishNotable
23 Sep 2026ZBRA 19 Feb 2027 $350 putsSweep1566$39KAt askBearishNotable
23 Sep 2026ZBRA 20 Nov 2026 $390 callsTrade2032$38KAt askBullish
22 Sep 2026ZBRA 20 Nov 2026 $390 callsTrade2010$28KAt bidBearish
23 Sep 2026ZBRA 19 Feb 2027 $350 putsTrade1066$26KAt midpointNeutral

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

ExpiryPrintsPremiumCalls shareNet premium
21 May 20271$1.1M100%+$1.1M
19 Feb 20273$617K89%+$513K
20 Nov 20263$105K100%+$50K
18 Dec 20262$102K100%+$55K
16 Oct 20261$52K100%+$52K

The most premium, $1.1M, is aimed at the 21 May 2027 expiry; the nearest expiry with unusual prints is 16 Oct 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 23 September 2026

Prints7
Premium$1.4M
Net premium+$1.3M
P/C ratio0.05
Sweeps29%
DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
23 Sep 2026ZBRA 21 May 2027 $440 callsTrade3750$1.1MAt askBullishWhale
23 Sep 2026ZBRA 18 Dec 2026 $350 callsSweep1432$55KAt askBullishNotable
23 Sep 2026ZBRA 16 Oct 2026 $380 callsTrade4812$52KAt askBullishNotable
23 Sep 2026ZBRA 20 Nov 2026 $430 callsTrade424$40KAt askBullishNotable
23 Sep 2026ZBRA 19 Feb 2027 $350 putsSweep1566$39KAt askBearishNotable

Every print in ZBRA with its full detail, the live tape, one tap filters and saved screeners: open ZBRA in Options Sentiment Screener.

Price

Last close$370.04
Day+1.35%
1 week+6.75%
1 month+2.83%
3 months+47.12%
1 year+19.96%
52 week high$386.23
52 week low$199.05
Volume552,324
Market cap$17.3B

The live quote and the price chart sit beside the ticker's flow in the app: open ZBRA in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 8 firms, have a median of $420, 13.5% above the last close.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About Zebra Technologies Corp.

Exchange
Nasdaq
Sector
Information Technology
Industry
Machinery
Headquarters
Lincolnshire, Illinois
Website
zebra.com

Zebra Technologies provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards. It also provides various maintenance, technical support, repair, and managed and professional services.

In the same sector

Flow pages for other Information Technology names in the S&P 500:

NVDA NVIDIA Corp.AAPL Apple Inc.MSFT Microsoft Corp.AVGO Broadcom Inc.MU Micron Technology Inc.AMD Advanced Micro Devices Inc.INTC Intel Corp.PLTR Palantir Technologies Inc.

Learn

The live tape for ZBRA with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.

Open ZBRA in Options Sentiment Screener