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, 2 were puts, with a value of $53,375, and 7 were calls, valued at $540,509.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $80.0 for Western Digital over the recent three months.
Volume & Open Interest Development
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 $65.0 to $80.0 in the last 30 days.
Western Digital Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | CALL | TRADE | BULLISH | 01/16/26 | $15.4 | $14.4 | $15.3 | $65.00 | $192.7K | 371 | 127 |
| WDC | CALL | SWEEP | BEARISH | 01/17/25 | $3.6 | $3.45 | $3.45 | $75.00 | $79.0K | 3.8K | 2.1K |
| WDC | CALL | SWEEP | BULLISH | 10/18/24 | $3.4 | $3.35 | $3.4 | $65.00 | $76.1K | 7.0K | 2.1K |
| WDC | CALL | SWEEP | BEARISH | 12/20/24 | $6.1 | $6.05 | $6.05 | $67.50 | $69.5K | 472 | 116 |
| WDC | CALL | SWEEP | BEARISH | 11/15/24 | $1.14 | $1.05 | $1.12 | $77.50 | $53.5K | 3.0K | 582 |
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.
Present Market Standing of Western Digital
- With a trading volume of 1,237,582, the price of WDC is up by 0.35%, reaching $68.03.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 7 days from now.
What Analysts Are Saying About Western Digital
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $92.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * In a cautious move, an analyst from Benchmark downgraded its rating to Buy, setting a price target of $92.
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.
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