Benzinga's options scanner has just identified more than 12 option transactions on Workday WDAY, with a cumulative value of $389,110. Concurrently, our algorithms picked up 3 puts, worth a total of 129,730.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $220.0 to $290.0 for Workday over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $220.0 to $290.0 in the last 30 days.
Workday Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDAY | CALL | SWEEP | BULLISH | 09/20/24 | $17.2 | $16.9 | $17.2 | $270.00 | $63.6K | 505 | 251 |
| WDAY | PUT | TRADE | BULLISH | 06/20/25 | $19.4 | $18.7 | $18.7 | $230.00 | $61.7K | 346 | 33 |
| WDAY | PUT | TRADE | BULLISH | 06/20/25 | $17.8 | $15.6 | $15.6 | $220.00 | $34.3K | 40 | 23 |
| WDAY | PUT | TRADE | BULLISH | 05/24/24 | $36.2 | $32.4 | $33.7 | $290.00 | $33.7K | 0 | 0 |
| WDAY | CALL | TRADE | BULLISH | 06/21/24 | $17.1 | $16.9 | $17.1 | $250.00 | $32.4K | 625 | 20 |
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 18,000 employees.
Workday's Current Market Status
- Currently trading with a volume of 456,964, the WDAY's price is down by -0.48%, now at $256.69.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 3 days.
What The Experts Say On 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 $315.0.
- An analyst from Oppenheimer persists with their Outperform rating on Workday, maintaining a target price of $320.
- An analyst from B of A Securities persists with their Buy rating on Workday, maintaining a target price of $310.
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.
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