MDGL Unusual Options Activity - Madrigal Pharmaceuticals

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On April 8, 2026, Madrigal Pharmaceuticals, Inc. (MDGL) saw significant options activity, primarily focused on call options. A notable print involved a call option with a strike price of $560, expiring on July 17, 2026, which carried a premium of $3,950,000. This transaction reflects a high level of interest in this particular strike, as indicated by a volume to open interest ratio of 6.4, suggesting that the activity is likely driven by new positions rather than adjustments to existing ones. In the last 30 days, MDGL has recorded only two active days of options trading, highlighting the unusual nature of this recent activity, particularly given the absence of put premiums on this date. The overall call/put balance strongly favors calls, indicating a preference among traders for bullish positions in the near term.

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