Financial giants have made a conspicuous bearish move on Western Digital. Our analysis of options history for Western Digital WDC revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $114,646, and 6 were calls, valued at $304,895.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $52.5 and $72.5 for Western Digital, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $52.5 to $72.5 in the last 30 days.
Western Digital Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | CALL | TRADE | NEUTRAL | 12/18/26 | $20.95 | $18.25 | $19.35 | $52.50 | $87.0K | 0 | 45 |
| WDC | CALL | SWEEP | BEARISH | 11/15/24 | $4.05 | $4.0 | $4.0 | $65.00 | $66.0K | 3.4K | 1 |
| WDC | CALL | SWEEP | BEARISH | 08/16/24 | $1.66 | $1.52 | $1.6 | $60.00 | $48.0K | 26.2K | 610 |
| WDC | PUT | SWEEP | BULLISH | 08/09/24 | $0.87 | $0.76 | $0.76 | $57.00 | $46.4K | 910 | 640 |
| WDC | CALL | SWEEP | BULLISH | 08/16/24 | $1.63 | $1.6 | $1.6 | $60.00 | $41.9K | 26.2K | 872 |
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.
After a thorough review of the options trading surrounding Western Digital, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Western Digital's Current Market Status
- With a trading volume of 1,879,921, the price of WDC is up by 1.48%, reaching $58.23.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 82 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 Western Digital with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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