Financial giants have made a conspicuous bullish move on Workday. Our analysis of options history for Workday (NASDAQ:WDAY) revealed 17 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $516,937, and 8 were calls, valued at $326,411.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $170.0 to $270.0 for Workday during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Workday stands at 431.33, with a total volume reaching 2,617.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Workday, situated within the strike price corridor from $170.0 to $270.0, throughout the last 30 days.
Workday 30-Day Option Volume & Interest Snapshot
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 | 01/17/25 | $6.9 | $6.7 | $6.7 | $170.00 | $155.4K | 817 | 676 |
| WDAY | PUT | TRADE | BULLISH | 01/16/26 | $24.6 | $23.3 | $23.8 | $190.00 | $73.7K | 230 | 31 |
| WDAY | PUT | SWEEP | BEARISH | 01/16/26 | $23.5 | $22.6 | $23.5 | $190.00 | $72.8K | 230 | 73 |
| WDAY | CALL | SWEEP | BEARISH | 09/20/24 | $10.9 | $10.8 | $10.8 | $220.00 | $54.0K | 517 | 2 |
| WDAY | CALL | TRADE | BULLISH | 09/13/24 | $5.4 | $4.1 | $5.0 | $235.00 | $50.0K | 0 | 100 |
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?
- Trading volume stands at 1,272,093, with WDAY's price up by 2.74%, positioned at $213.45.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 16 days.
What The Experts Say On Workday
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $262.0.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Workday with a target price of $262.
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.