Financial giants have made a conspicuous bearish move on Western Digital. Our analysis of options history for Western Digital WDC revealed 14 unusual trades.
Delving into the details, we found 28% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $694,532, and 2 were calls, valued at $64,400.
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Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $80.0 for Western Digital during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Western Digital options trades today is 764.14 with a total volume of 2,477.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Western Digital's big money trades within a strike price range of $70.0 to $80.0 over the last 30 days.
Western Digital Option Volume And Open Interest Over Last 30 Days
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 | 11/15/24 | $9.85 | $9.65 | $9.8 | $77.50 | $126.3K | 73 | 212 |
| WDC | PUT | SWEEP | BULLISH | 07/19/24 | $4.2 | $4.15 | $4.15 | $72.50 | $97.9K | 246 | 236 |
| WDC | PUT | SWEEP | BEARISH | 11/15/24 | $10.1 | $9.95 | $10.1 | $77.50 | $82.8K | 73 | 0 |
| WDC | PUT | SWEEP | NEUTRAL | 06/20/25 | $11.55 | $11.45 | $11.53 | $75.00 | $74.8K | 453 | 72 |
| WDC | PUT | SWEEP | BEARISH | 05/24/24 | $1.08 | $0.78 | $1.08 | $70.00 | $51.6K | 218 | 508 |
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.
Where Is Western Digital Standing Right Now?
- Currently trading with a volume of 847,706, the WDC's price is up by 0.56%, now at $72.0.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 77 days.
Expert Opinions on Western Digital
In the last month, 5 experts released ratings on this stock with an average target price of $88.2.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Western Digital with a target price of $85.
- Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Western Digital with a target price of $100.
- An analyst from Evercore ISI Group persists with their Outperform rating on Western Digital, maintaining a target price of $85.
- An analyst from Morgan Stanley persists with their Overweight rating on Western Digital, maintaining a target price of $86.
- In a positive move, an analyst from Benchmark has upgraded their rating to Buy and adjusted the price target to $85.
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 Western Digital with Benzinga Pro for real-time alerts.
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