Quantchabot has detected a new Bull Call Spread trade opportunity for VIKING THERAPEUTICS INC. COMMON STOCK (VKTX) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
VKTX was recently trading at $29.62 and has an implied volatility of 97.82% for this period. Based on an analysis of the options available for VKTX expiring on 17-Apr-2025, there is a 34.19% likelihood that the underlying will close within the analyzed range of $29.75-$40.57 at expiration. In this scenario, the average linear return for the trade would be 11.11%.
Big 11.68% Change: After closing the last trading session at $26.52, VIKING THERAPEUTICS INC. COMMON STOCK opened today at $27.69 and has reached a high of $30.14.
Trade approach: A movement as big as 11.68% is a significantly bullish indicator, so this trade is designed to be profitable if VKTX maintains its current direction and does not revert back to pricing on the bearish side of $29.62 on 17-Apr-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if VIKING THERAPEUTICS INC. COMMON STOCK closes at or above $26.25 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 65.70% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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