Deep-pocketed investors have adopted a bullish approach towards Workday WDAY, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WDAY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Workday. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $307,567, and 6 are calls, amounting to $303,662.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $300.0 for Workday, 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 Workday'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 Workday's whale activity within a strike price range from $200.0 to $300.0 in the last 30 days.
Workday Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDAY | PUT | SWEEP | BULLISH | 12/20/24 | $14.5 | $14.4 | $14.5 | $260.00 | $259.5K | 302 | 182 |
| WDAY | CALL | TRADE | BULLISH | 01/15/27 | $101.2 | $97.0 | $99.7 | $200.00 | $99.7K | 7 | 15 |
| WDAY | CALL | TRADE | BEARISH | 01/17/25 | $18.5 | $18.2 | $18.2 | $260.00 | $63.7K | 2.0K | 58 |
| WDAY | CALL | TRADE | BEARISH | 01/15/27 | $101.6 | $100.0 | $100.0 | $200.00 | $50.0K | 7 | 0 |
| WDAY | PUT | SWEEP | BULLISH | 09/19/25 | $40.9 | $40.0 | $40.0 | $280.00 | $48.0K | 2 | 12 |
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.
Where Is Workday Standing Right Now?
- With a volume of 1,151,193, the price of WDAY is down -4.12% at $260.31.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 11 days.
Professional Analyst Ratings for Workday
1 market experts have recently issued ratings for this stock, with a consensus target price of $270.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Loop Capital keeps a Hold rating on Workday with a target price of $270.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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