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 10 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 50% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $208,021 and 6, calls, for a total amount of $241,901.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $170.0 to $340.0 for Workday over the recent three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Workday options trades today is 557.11 with a total volume of 151.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Workday's big money trades within a strike price range of $170.0 to $340.0 over the last 30 days.
Workday Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WDAY | PUT | SWEEP | BEARISH | 01/17/25 | $195.00 | $76.0K | 221 | 0 |
| WDAY | CALL | SWEEP | BULLISH | 01/17/25 | $330.00 | $64.2K | 388 | 0 |
| WDAY | PUT | SWEEP | BEARISH | 01/17/25 | $175.00 | $53.4K | 283 | 0 |
| WDAY | CALL | TRADE | BULLISH | 03/15/24 | $260.00 | $49.0K | 767 | 50 |
| WDAY | PUT | SWEEP | BEARISH | 01/17/25 | $170.00 | $48.0K | 724 | 0 |
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 12,000 employees.
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.
Workday's Current Market Status
- With a volume of 546,909, the price of WDAY is down -0.1% at $236.79.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 7 days.
What The Experts Say On Workday
In the last month, 3 experts released ratings on this stock with an average target price of $261.6666666666667.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Workday, targeting a price of $270.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Workday with a target price of $245.
- Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Workday with a target price of $270.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Workday options trades with real-time alerts from Benzinga Pro.
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