Market Whales and Their Recent Bets on WDAY Options - Workday (NASDAQ:WDAY)

The financial giants made a visible bullish move in Workday. Our review of Workday options history DAY revealed 11 unusual transactions.

Drilling down, we found that 54% of traders were bullish, while 36% were bearish. Of all the trades we observed, 4 were puts, valued at $737,900, and 7 were calls, valued at $305,534.

What is the target price?

Looking at the volume and open interest in these contracts, it appears that the major players have been eyeing a price window of $190.0 to $265.0 for Workday over the past quarter.

Analyzing volume and open interest

Examining volume and open interest provides crucial insights into stock research. This information is essential in measuring liquidity and interest levels for Workday options at certain strike prices. Below is a snapshot of trends in volume and open interest for calls and puts in significant Workday trades in a strike price range of $190.0 to $265.0 over the past month.

Business day options volume and open interest over the past 30 days

Call Chart Options

Significant option trades detected:

Symbol	PUN/CALL	Commercial type	Feeling	Ex. Date	Ask	BID	Price	Strike Price	Total trade price	Open interest	Volume
DAY	PUT	commerce	BEAR	11/15/24	$24.9	$24.4	$24.4	$250.00	$610,000	1	257
DAY	CALL	commerce	BEARISH	08/30/24	$10.8	$10.50	$10.50	$235.00	63.0 thousand USD	226	66
DAY	CALL	BROOM	BEARISH	20/09/24	$3.1	$2.9	$2.9	$265.00	52.4 thousand USD	16	191
DAY	PUT	commerce	BEARISH	17/01/25	$5.2	$5.0	$5.2	$190.00	$52.0K	618	100
DAY	PUT	BROOM	BEAR	23/08/24	$8.9	$8.3	$8.3	$232.50	49.8 thousand USD	157	60

About Workday

Workday is a software company that provides 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 has more than 18,000 employees.

Having examined Workday’s options trading patterns, our attention now turns directly to the company itself. This change allows us to delve deeper into our current market position and performance

The current market situation of the working day

With a volume of 1,234,448, WDAY price decreased -0.02% to $233.46.
RSI indicators suggest that underlying stocks may be approaching overbought.
The following earnings are expected to be released in 0 days.

What analysts are saying about Workday

In the last month, 3 experts have published ratings on this stock, with an average price target of $271.66666666666667.

Consistent in their assessment, an analyst at B of A Securities maintains a Buy rating on Workday with a price target of $265.
An analyst at Evercore ISI Group decided to maintain an Outperform rating on Workday, which currently has a price target of $290.
An analyst at Wells Fargo maintains an overweight rating on Workday, maintaining a $260 price target.

Trading options involves higher risks, but also offers the potential for higher profits. Savvy traders mitigate these risks through continuous education, strategic trade adjustments, using different indicators and staying in tune with market dynamics. Stay on top of the latest Workday transaction options with Benzinga Pro for real-time alerts.