Workday's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bullish stance on Workday.

Looking at options history for Workday WDAY we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $184,690 and 4, calls, for a total amount of $177,418.

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 $130.0 to $290.0 for Workday during the past quarter.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Workday's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Workday's significant trades, within a strike price range of $130.0 to $290.0, over the past month.

Workday Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Workday

Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions for enterprises. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California.

After a thorough review of the options trading surrounding Workday, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Workday

• Trading volume stands at 895,229, with WDAY's price down by -4.28%, positioned at $211.56.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 31 days.

Expert Opinions on Workday

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $276.0.

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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 Jefferies keeps a Buy rating on Workday with a target price of $325. * An analyst from Mizuho persists with their Outperform rating on Workday, maintaining a target price of $275. * Maintaining their stance, an analyst from DA Davidson continues to hold a Neutral rating for Workday, targeting a price of $230. * An analyst from Needham downgraded its action to Buy with a price target of $300. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Workday, targeting a price of $250.

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