Viking Therapeutics Unusual Options Activity For June 12
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual bearish options activity for Viking Therapeutics (NASDAQ:VKTX), with 66% of the trades being bearish. This significant move suggests potential upcoming volatility for VKTX. The stock is currently trading at $53.48, up by 1.42%, with the next earnings report due in 42 days.
June 12, 2024 | 3:32 pm
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Unusual bearish options activity detected for Viking Therapeutics (NASDAQ:VKTX), with 66% of the trades being bearish. This suggests potential upcoming volatility for VKTX. The stock is currently trading at $53.48, up by 1.42%, with the next earnings report due in 42 days.
The significant bearish options activity, with 66% of the trades being bearish, indicates that investors are expecting a potential decline in VKTX's stock price. This level of activity is unusual and suggests upcoming volatility. The stock's current price increase and RSI values indicating it may be oversold add to the complexity of the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100