Whales with a lot of money to spend have taken a noticeably bullish stance on Western Digital.
Looking at options history for Western Digital WDC we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $170,184 and 6, calls, for a total amount of $1,875,975.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $67.5 and $80.0 for Western Digital, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Western Digital's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Western Digital's whale activity within a strike price range from $67.5 to $80.0 in the last 30 days.
Western Digital 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | CALL | TRADE | NEUTRAL | 08/16/24 | $4.6 | $4.5 | $4.55 | $75.00 | $1.5M | 5.5K | 4.1K |
| WDC | CALL | TRADE | BEARISH | 05/17/24 | $0.45 | $0.42 | $0.42 | $75.00 | $147.0K | 16.7K | 1.9K |
| WDC | PUT | SWEEP | BEARISH | 10/18/24 | $8.4 | $8.3 | $8.4 | $75.00 | $82.3K | 48 | 0 |
| WDC | CALL | TRADE | BULLISH | 08/16/24 | $4.6 | $4.5 | $4.58 | $75.00 | $45.8K | 5.5K | 497 |
| WDC | CALL | TRADE | NEUTRAL | 08/16/24 | $4.6 | $4.5 | $4.55 | $75.00 | $45.5K | 5.5K | 597 |
About Western Digital
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
In light of the recent options history for Western Digital, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Western Digital Standing Right Now?
- With a volume of 3,562,476, the price of WDC is up 0.19% at $72.18.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 81 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Western Digital, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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