Financial giants have made a conspicuous bearish move on Western Digital. Our analysis of options history for Western Digital WDC revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $122,160, and 5 were calls, valued at $221,598.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $57.5 to $75.0 for Western Digital during the past quarter.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Western Digital's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Western Digital's substantial trades, within a strike price spectrum from $57.5 to $75.0 over the preceding 30 days.
Western Digital 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | CALL | SWEEP | BEARISH | 02/21/25 | $5.9 | $5.8 | $5.8 | $60.00 | $82.3K | 307 | 142 |
| WDC | CALL | TRADE | BULLISH | 04/17/25 | $2.33 | $2.1 | $2.3 | $75.00 | $46.6K | 6.5K | 886 |
| WDC | PUT | SWEEP | BEARISH | 09/19/25 | $11.8 | $11.75 | $11.8 | $67.50 | $44.8K | 145 | 34 |
| WDC | PUT | SWEEP | BEARISH | 07/18/25 | $5.2 | $4.95 | $5.2 | $57.50 | $39.5K | 152 | 178 |
| WDC | PUT | SWEEP | BULLISH | 07/18/25 | $5.25 | $4.95 | $5.25 | $57.50 | $37.8K | 152 | 786 |
About Western Digital
Western Digital is a leading vertically integrated supplier of data storage solutions, spanning both hard disk drives and solid-state drives. In the HDD market it forms a practical duopoly with Seagate, and it is the largest global producer of NAND flash chips for SSDs in a joint venture with competitor Kioxia.
Having examined the options trading patterns of Western Digital, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Western Digital
- With a trading volume of 7,199,014, the price of WDC is down by -3.01%, reaching $61.63.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 35 days from now.
What The Experts Say On Western Digital
4 market experts have recently issued ratings for this stock, with a consensus target price of $85.75.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Western Digital, targeting a price of $85. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Western Digital, targeting a price of $93. * Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $70. * In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $95.
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 Western Digital options trades with real-time alerts from Benzinga Pro.
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