Financial giants have made a conspicuous bearish move on Workday. Our analysis of options history for Workday (NASDAQ:WDAY) revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $139,576, and 6 were calls, valued at $1,146,186.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $290.0 for Workday, spanning the last three months.
Volume & Open Interest Development
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 $240.0 to $290.0, 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 | CALL | SWEEP | BEARISH | 06/20/25 | $25.2 | $25.1 | $25.1 | $290.00 | $529.6K | 422 | 300 |
| WDAY | CALL | SWEEP | NEUTRAL | 05/10/24 | $0.9 | $0.55 | $0.71 | $247.50 | $375.0K | 51 | 7 |
| WDAY | CALL | TRADE | BULLISH | 09/20/24 | $26.6 | $25.7 | $26.3 | $240.00 | $92.0K | 21 | 0 |
| WDAY | CALL | SWEEP | BEARISH | 06/21/24 | $7.3 | $7.1 | $7.1 | $260.00 | $71.0K | 373 | 143 |
| WDAY | PUT | SWEEP | BEARISH | 01/17/25 | $36.1 | $35.7 | $36.0 | $270.00 | $54.0K | 393 | 0 |
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.
After a thorough review of the options trading surrounding Workday, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Workday Standing Right Now?
- With a trading volume of 668,159, the price of WDAY is up by 0.29%, reaching $246.68.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 13 days from now.
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.