Deep-pocketed investors have adopted a bullish approach towards Western Digital WDC, 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 WDC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Western Digital. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 64% leaning bullish and 23% bearish. Among these notable options, 10 are puts, totaling $453,093, and 7 are calls, amounting to $347,539.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $75.0 for Western Digital during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Western Digital options trades today is 2310.5 with a total volume of 15,544.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Western Digital's big money trades within a strike price range of $55.0 to $75.0 over the last 30 days.
Western Digital Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | PUT | SWEEP | BULLISH | 04/17/25 | $8.4 | $8.3 | $8.3 | $67.50 | $102.9K | 302 | 125 |
| WDC | CALL | SWEEP | BEARISH | 04/17/25 | $2.04 | $1.86 | $1.86 | $75.00 | $81.2K | 20.1K | 2.3K |
| WDC | CALL | TRADE | BULLISH | 01/17/25 | $3.9 | $3.75 | $3.9 | $59.00 | $77.2K | 100 | 200 |
| WDC | CALL | SWEEP | BEARISH | 04/17/25 | $2.01 | $1.81 | $1.81 | $75.00 | $67.5K | 20.1K | 4.0K |
| WDC | PUT | SWEEP | BULLISH | 03/21/25 | $9.9 | $9.75 | $9.75 | $70.00 | $62.4K | 1 | 129 |
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.
Following our analysis of the options activities associated with Western Digital, we pivot to a closer look at the company's own performance.
Present Market Standing of Western Digital
- With a volume of 3,284,155, the price of WDC is up 0.82% at $60.12.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 21 days.
Expert Opinions on Western Digital
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $81.5.
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