Financial giants have made a conspicuous bearish move on Workday. Our analysis of options history for Workday (NASDAQ:WDAY) revealed 15 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $1,577,645, and 6 were calls, valued at $813,674.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $220.0 for Workday over the recent three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Workday's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Workday's substantial trades, within a strike price spectrum from $110.0 to $220.0 over the preceding 30 days.

Workday Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Workday

Workday is a software company that offers human capital management, financial management, and business planning solutions for enterprises. Known for being a cloud-only software provider, Workday was founded in 2005 and is headquartered in Pleasanton, California.

In light of the recent options history for Workday, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Workday's Current Market Status

• Currently trading with a volume of 3,384,788, the WDAY's price is up by 4.1%, now at $167.77.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 20 days.

What The Experts Say On Workday

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $237.5.

• Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Workday, targeting a price of $200.
• An analyst from Barclays has decided to maintain their Overweight rating on Workday, which currently sits at a price target of $275.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.