Financial giants have made a conspicuous bullish move on Western Digital. Our analysis of options history for Western Digital WDC revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 16% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $68,100, and 10 were calls, valued at $1,570,749.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $67.0 to $82.5 for Western Digital over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Western Digital's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Western Digital's significant trades, within a strike price range of $67.0 to $82.5, over the past month.
Western Digital 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | CALL | TRADE | NEUTRAL | 12/20/24 | $4.9 | $4.7 | $4.8 | $67.50 | $960.0K | 732 | 2.0K |
| WDC | CALL | SWEEP | BULLISH | 01/17/25 | $4.5 | $4.25 | $4.5 | $70.00 | $198.0K | 2.0K | 460 |
| WDC | CALL | SWEEP | NEUTRAL | 06/20/25 | $4.25 | $4.2 | $4.25 | $82.50 | $75.6K | 132 | 91 |
| WDC | CALL | SWEEP | BULLISH | 10/25/24 | $1.66 | $1.47 | $1.47 | $69.00 | $73.0K | 975 | 518 |
| WDC | CALL | SWEEP | BEARISH | 12/20/24 | $3.85 | $3.8 | $3.8 | $70.00 | $57.0K | 4.9K | 174 |
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.
Western Digital's Current Market Status
- Currently trading with a volume of 1,362,200, the WDC's price is up by 0.47%, now at $66.92.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 0 days.
What The Experts Say On Western Digital
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $92.0.
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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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