Looking At Ceridian HCM Holding's Recent Unusual Options Activity

Someone with a lot of money to spend has taken a bullish stance on Ceridian HCM Holding CDAY.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with CDAY, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Ceridian HCM Holding.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $123,760, and 9 are calls, for a total amount of $1,047,040.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $80.0 for Ceridian HCM Holding over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Ceridian HCM Holding options trades today is 663.33 with a total volume of 3,476.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Ceridian HCM Holding's big money trades within a strike price range of $60.0 to $80.0 over the last 30 days.

Ceridian HCM Holding 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
CDAY CALL TRADE BEARISH 09/15/23 $60.00 $293.8K 39 101
CDAY CALL TRADE BULLISH 12/15/23 $60.00 $276.6K 200 200
CDAY CALL SWEEP BEARISH 09/15/23 $75.00 $124.8K 1.7K 818
CDAY CALL TRADE BEARISH 09/15/23 $60.00 $117.0K 39 100
CDAY CALL TRADE BULLISH 08/18/23 $65.00 $72.0K 196 1

Where Is Ceridian HCM Holding Standing Right Now?

  • With a volume of 3,546,223, the price of CDAY is up 6.78% at $71.54.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 90 days.

What The Experts Say On Ceridian HCM Holding:

  • Citigroup has decided to maintain their Buy rating on Ceridian HCM Holding, which currently sits at a price target of $84.
  • TD Cowen downgraded its action to Market Perform with a price target of $71
  • Barclays has decided to maintain their Equal-Weight rating on Ceridian HCM Holding, which currently sits at a price target of $74.
  • Piper Sandler has decided to maintain their Neutral rating on Ceridian HCM Holding, which currently sits at a price target of $73.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Ceridian HCM Holding, Benzinga Pro gives you real-time options trades alerts.

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