Outlandish Trading Volume Hits Viking Therapeutics Inc (VKTX)
A whirlwind of option activity whipped through the trading floor today, leaving Viking Therapeutics Inc (VKTX) investors in a tailspin. A staggering 90,968 contracts swapped hands, equivalent to a whopping 9.1 million shares. This surge accounted for approximately 74.5% of VKTX’s typical daily trading volume over the past month, standing at 12.2 million shares. The $100 strike call option expiring March 28, 2024, emerged as a star player with 7,141 contracts changing hands, representing about 714,100 VKTX shares.
Curiously eyeing the trading mayhem, one could visualize VKTX’s trailing twelve-month trading history with the $100 strike, now shining conspicuously in orange hues as depicted below:
Rocketing Options Volume for Coinbase Global Inc (COIN)
Meanwhile, Coinbase Global Inc (COIN) was not spared from the option frenzy, with a colossal 122,604 contracts trading hands. This mammoth figure translates to approximately 12.3 million underlying shares, capturing a substantial 73% of COIN’s average daily trading volume over the last month, pegged at 16.8 million shares. The $300 strike call option expiring March 28, 2024, took center stage with 9,517 contracts traded, representing close to a million COIN shares.
Below lies the visual tale of COIN’s past year in trading, with the ethereal glow of the $300 strike call shining brightly, similar to the glint of a hidden treasure:
Surging Activity in Wayfair Inc (W) Options Market
Last but not least, Wayfair Inc (W) added its name to the chorus of market excitement, garnering a total of 24,498 contracts in option trading volume today. These contracts represent roughly 2.4 million underlying shares, marking a robust 68.6% of W’s average daily trading volume over the previous month, pegged at 3.6 million shares. The $70 strike call option expiring on May 17, 2024, commanded attention with 3,686 contracts changing hands, symbolizing about 368,600 W shares.
Unraveling the historical performance of W, one cannot overlook the striking ascent of the $70 strike call, resembling a phoenix rising from the ashes in the image displayed below:
For a deeper dive into available expiration dates for VKTX, COIN, or W options, enthusiasts are welcome to visit StockOptionsChannel.com.
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Also see:
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Institutional Holders of VE
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The musings and insights presented are solely the natterings of the author and may not necessarily align with the musings and insights of Nasdaq, Inc.
