Some big people who have a lot of money think that a company called Madrigal Pharmaceuticals will do well in the future. They have spent a lot of money buying options on this company, which is a way of betting on whether the company's stock price will go up or down. Most of these big people think the stock will go up, so they are buying calls, which give them the right to buy the stock at a certain price. If the stock price goes up, they can make a lot of money. Read from source...
DAN: "Check Out What Whales Are Doing With MDGL"
1. Bullish: Buy MDGL calls with a strike price below the current market price and an expiration date within the next three months.
2. Bearish: Sell MDGL puts with a strike price above the current market price and an expiration date within the next three months.
3. Neutral: Sell MDGL calls with a strike price close to the current market price and an expiration date within the next three months.