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Hawk’s Nest

Unusual Upside Call Spread in Small Cap Oncology Biotech

by | Sep 7, 2021

Zentalis Pharma (ZNTL) a name hitting new highs and an unusual late day trade buys 2000 October $70/$100 call spreads for $5.70. UBS started shares Buy with a $91 target in May citing strong potential across the company’s WEE1, oral SERD, and BCL-2 in solid tumors ahead of key clinical updates from all programs over the next 12-18 months. ZNTL price-strength and a name in an area seeing a lot of M&A makes this an interesting trade.