Whales with a lot of money to spend have taken a noticeably bearish stance on Workday.
Looking at options history for Workday WDAY we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 8% of the investors opened trades with bullish expectations and 91% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $1,584,456 and 2, calls, for a total amount of $55,440.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $300.0 for Workday over the recent three months.
Volume & Open Interest Trends
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 $160.0 to $300.0 in the last 30 days.
Workday Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WDAY | PUT | TRADE | NEUTRAL | 01/16/26 | $210.00 | $790.0K | 11 | 400 |
| WDAY | PUT | TRADE | NEUTRAL | 01/16/26 | $210.00 | $395.0K | 11 | 200 |
| WDAY | PUT | SWEEP | BULLISH | 01/12/24 | $272.50 | $82.5K | 109 | 105 |
| WDAY | PUT | SWEEP | BEARISH | 01/17/25 | $210.00 | $70.2K | 680 | 60 |
| WDAY | PUT | SWEEP | NEUTRAL | 01/17/25 | $195.00 | $55.3K | 367 | 71 |
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.
In light of the recent options history for Workday, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Workday
- Currently trading with a volume of 1,289,919, the WDAY's price is down by -1.18%, now at $263.93.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 52 days.
What Analysts Are Saying About Workday
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $320.0.
- Reflecting concerns, an analyst from Keybanc lowers its rating to Overweight with a new price target of $310.
- An analyst from Piper Sandler persists with their Overweight rating on Workday, maintaining a target price of $330.
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 Workday with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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