Wall Street

Unusual Option Activity in ZenDesk 1 Day Before Buyout

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By Market Rebellion This is why we follow the smart money: Big buying in OTM ZenDesk call options yesterday — 50% run-up today. Hey SEC, this guy, right over here! Market Rebellion’s Unusual Option Activity service identified a massive, bullish purchase of call options yesterday, June 23rd. A trader spent more than $166,000 on 2,300 far out-of-the-money ZenDesk calls at the $70-strike, bought well above the open interest of just 360 contracts. At the time, (ZEN) – Get Zendesk Inc. Report was trading at $56.39. Today, the stock is surging, trading as high as $93.57 in the premarket, a share-pri…

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