Looking At Viking Therapeutics's Recent Unusual Options Activity - Viking Therapeutics (NASDAQ:VKTX)

Group 1: Company Overview - Viking Therapeutics Inc is a healthcare service provider specializing in biopharmaceutical development focused on metabolic and endocrine disorders. The company's clinical program pipeline includes VK2809, VK5211, and VK0214 products, with VK2809 and VK0214 being orally available, tissue and receptor-subtype selective agonists of the thyroid hormone receptor beta, and VK5211 being an orally available, non-steroidal selective androgen receptor modulator [10]. Group 2: Options Trading Activity - Significant bullish positioning has been observed among high-rolling investors in Viking Therapeutics, with 13 options trades identified, indicating potential privileged information [1]. - The sentiment among major traders is evenly split, with 46% bullish and 46% bearish. Notably, there was one put option worth $35,245 and 12 call options totaling $547,650 [2]. - The predicted price range for Viking Therapeutics, based on volume and open interest analysis, is between $30.0 and $50.0 during the past quarter [3]. - The average open interest for options of Viking Therapeutics is 2,520.33, with total volume reaching 1,069.00, indicating active trading within the strike price corridor of $30.0 to $50.0 over the last 30 days [4]. Group 3: Options Trading Details - The largest options trades include a bullish call option with a strike price of $30.00, totaling $100.9K, and a neutral call option with a strike price of $37.50, totaling $100.0K. Other notable trades include a bearish call option at a strike price of $35.00 and another bullish call option at a strike price of $40.00 [9]. Group 4: Market Performance - The current trading volume for VKTX is 3,016,844, with the stock price down by 0.16%, reaching $38.49. Current RSI values indicate that the stock is neutral between overbought and oversold [15]. - A market expert has issued a consensus target price of $107.0 for Viking Therapeutics, with a Buy rating maintained by an analyst from Canaccord Genuity [12][13].