27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Financial giants have made a conspicuous bearish move on Western Digital. Our analysis of options history for Western Digital (NASDAQ:WDC) revealed 12 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $235,853, and 9 were calls, valued at $437,580.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $80.0 for Western Digital, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Western Digital stands at 1097.27, with a total volume reaching 1,891.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Western Digital, situated within the strike price corridor from $50.0 to $80.0, throughout the last 30 days.
Western Digital Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | PUT | SWEEP | BEARISH | 02/21/25 | $12.0 | $11.95 | $12.0 | $75.00 | $120.0K | 8 | 100 |
| WDC | PUT | SWEEP | BULLISH | 06/21/24 | $4.45 | $4.35 | $4.35 | $67.50 | $86.9K | 305 | 0 |
| WDC | CALL | TRADE | BULLISH | 04/05/24 | $18.55 | $18.35 | $18.55 | $50.00 | $72.3K | 1 | 39 |
| WDC | CALL | TRADE | BEARISH | 03/28/24 | $20.0 | $18.3 | $18.52 | $50.00 | $72.2K | 70 | 39 |
| WDC | CALL | SWEEP | BULLISH | 06/20/25 | $8.9 | $8.65 | $8.9 | $80.00 | $66.7K | 75 | 75 |
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
Where Is Western Digital Standing Right Now?
- Trading volume stands at 4,454,520, with WDC's price up by 0.98%, positioned at $68.3.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 39 days.
Professional Analyst Ratings for Western Digital
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $70.0.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $70.
- An analyst from Rosenblatt has decided to maintain their Neutral rating on Western Digital, which currently sits at a price target of $65.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Western Digital, targeting a price of $65.
- In a cautious move, an analyst from Evercore ISI Group downgraded its rating to Outperform, setting a price target of $80.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Western Digital, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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