Financial giants have made a conspicuous bearish move on Workday. Our analysis of options history for Workday WDAY revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $261,812, and 5 were calls, valued at $547,980.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $260.0 and $320.0 for Workday, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Workday's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Workday's substantial trades, within a strike price spectrum from $260.0 to $320.0 over the preceding 30 days.
Workday Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDAY | CALL | SWEEP | BULLISH | 06/21/24 | $15.8 | $15.5 | $15.72 | $270.00 | $314.6K | 640 | 88 |
| WDAY | PUT | SWEEP | BULLISH | 04/12/24 | $1.1 | $0.95 | $1.01 | $260.00 | $138.3K | 124 | 5 |
| WDAY | CALL | SWEEP | BEARISH | 01/17/25 | $23.4 | $23.1 | $23.1 | $300.00 | $110.8K | 664 | 48 |
| WDAY | PUT | TRADE | BULLISH | 01/17/25 | $45.7 | $44.5 | $44.9 | $300.00 | $62.8K | 154 | 14 |
| WDAY | CALL | TRADE | BEARISH | 06/21/24 | $15.8 | $15.3 | $15.3 | $270.00 | $45.9K | 640 | 0 |
About Workday
Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.
Present Market Standing of Workday
- With a trading volume of 888,596, the price of WDAY is down by -1.02%, reaching $265.59.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 45 days from now.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Workday with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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