Whales with a lot of money to spend have taken a noticeably bearish stance on Western Digital.
Looking at options history for Western Digital WDC we detected 32 trades.
If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $1,631,872 and 23, calls, for a total amount of $1,201,782.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $85.0 for Western Digital over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Western Digital options trades today is 2544.95 with a total volume of 16,079.00.
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 $40.0 to $85.0 over 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 | PUT | TRADE | BEARISH | 04/17/25 | $12.75 | $12.4 | $12.7 | $77.50 | $1.2M | 4 | 1.0K |
| WDC | CALL | TRADE | BULLISH | 06/20/25 | $28.7 | $27.85 | $28.55 | $40.00 | $142.7K | 51 | 0 |
| WDC | CALL | SWEEP | BEARISH | 04/17/25 | $3.2 | $3.05 | $3.05 | $75.00 | $120.1K | 17.6K | 857 |
| WDC | PUT | TRADE | BULLISH | 02/21/25 | $5.75 | $5.7 | $5.7 | $70.00 | $114.0K | 4.2K | 200 |
| WDC | CALL | SWEEP | BEARISH | 01/10/25 | $4.25 | $3.55 | $3.68 | $62.00 | $113.8K | 382 | 0 |
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.
Present Market Standing of Western Digital
- With a trading volume of 4,013,013, the price of WDC is up by 2.7%, reaching $65.8.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 17 days from now.
Professional Analyst Ratings for Western Digital
In the last month, 3 experts released ratings on this stock with an average target price of $81.66666666666667.
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. * Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $70. * An analyst from Mizuho persists with their Outperform rating on Western Digital, maintaining a target price of $82. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Western Digital, which currently sits at a price target of $93.
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.
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