Whales with a lot of money to spend have taken a noticeably bullish stance on Viking Therapeutics.

Looking at options history for Viking Therapeutics (NASDAQ:VKTX) we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 73% of the investors opened trades with bullish expectations and 6% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $82,350 and 13, calls, for a total amount of $631,622.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $120.0 for Viking Therapeutics over the recent three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Viking Therapeutics options trades today is 989.58 with a total volume of 698.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Viking Therapeutics's big money trades within a strike price range of $20.0 to $120.0 over the last 30 days.

Viking Therapeutics Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Viking Therapeutics

Current Position of Viking Therapeutics

• With a volume of 712,447, the price of VKTX is up 0.74% at $75.97.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 85 days.

Professional Analyst Ratings for Viking Therapeutics

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $90.0.

• In a cautious move, an analyst from HC Wainwright & Co. downgraded its rating to Buy, setting a price target of $90.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Viking Therapeutics options trades with real-time alerts from Benzinga Pro.