Financial giants have made a conspicuous bullish move on Workday. Our analysis of options history for Workday WDAY revealed 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $737,900, and 7 were calls, valued at $305,534.
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 $190.0 to $265.0 for Workday during the past quarter.
Analyzing Volume & Open Interest
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 $190.0 to $265.0, over the past month.
Workday Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDAY | PUT | TRADE | BULLISH | 11/15/24 | $24.9 | $24.4 | $24.4 | $250.00 | $610.0K | 1 | 257 |
| WDAY | CALL | TRADE | BEARISH | 08/30/24 | $10.8 | $10.5 | $10.5 | $235.00 | $63.0K | 226 | 66 |
| WDAY | CALL | SWEEP | BEARISH | 09/20/24 | $3.1 | $2.9 | $2.9 | $265.00 | $52.4K | 16 | 191 |
| WDAY | PUT | TRADE | BEARISH | 01/17/25 | $5.2 | $5.0 | $5.2 | $190.00 | $52.0K | 618 | 100 |
| WDAY | PUT | SWEEP | BULLISH | 08/23/24 | $8.9 | $8.3 | $8.3 | $232.50 | $49.8K | 157 | 60 |
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.
Having examined the options trading patterns of Workday, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Workday
- With a volume of 1,234,448, the price of WDAY is down -0.02% at $233.46.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 0 days.
What Analysts Are Saying About Workday
In the last month, 3 experts released ratings on this stock with an average target price of $271.6666666666667.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Workday with a target price of $265.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Workday, which currently sits at a price target of $290.
- An analyst from Wells Fargo persists with their Overweight rating on Workday, maintaining a target price of $260.
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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