Deep-pocketed investors have adopted a bullish approach towards Workday (NASDAQ:WDAY), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WDAY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Workday. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $307,567, and 6 are calls, amounting to $303,662.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $300.0 for Workday, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $200.0 to $300.0 in the last 30 days.
Workday Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDAY | PUT | SWEEP | BULLISH | 12/20/24 | $14.5 | $14.4 | $14.5 | $260.00 | $259.5K | 302 | 182 |
| WDAY | CALL | TRADE | BULLISH | 01/15/27 | $101.2 | $97.0 | $99.7 | $200.00 | $99.7K | 7 | 15 |
| WDAY | CALL | TRADE | BEARISH | 01/17/25 | $18.5 | $18.2 | $18.2 | $260.00 | $63.7K | 2.0K | 58 |
| WDAY | CALL | TRADE | BEARISH | 01/15/27 | $101.6 | $100.0 | $100.0 | $200.00 | $50.0K | 7 | 0 |
| WDAY | PUT | SWEEP | BULLISH | 09/19/25 | $40.9 | $40.0 | $40.0 | $280.00 | $48.0K | 2 | 12 |
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.
Where Is Workday Standing Right Now?
- With a volume of 1,151,193, the price of WDAY is down -4.12% at $260.31.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 11 days.
Professional Analyst Ratings for Workday
1 market experts have recently issued ratings for this stock, with a consensus target price of $270.0.
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