Looking At Western Digital's Recent Whale Trades

Looking At Western Digital's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on Western Digital.

Looking at options history for Western Digital WDC we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $225,378 and 9, calls, for a total amount of $684,087.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $45.0 for Western Digital over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Western Digital options trades today is 2160.67 with a total volume of 5,931.00.

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 $20.0 to $45.0 over the last 30 days.

Western Digital Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
WDC CALL TRADE BULLISH 01/20/23 $45.00 $194.0K 7.7K 2.0K
WDC CALL SWEEP BULLISH 12/16/22 $20.00 $135.5K 5 120
WDC CALL SWEEP BULLISH 10/28/22 $36.00 $105.4K 630 893
WDC PUT SWEEP BEARISH 01/19/24 $40.00 $95.8K 6.3K 102
WDC CALL TRADE BULLISH 12/16/22 $20.00 $56.8K 5 195

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
WDC CALL TRADE BULLISH 01/20/23 $45.00 $194.0K 7.7K 2.0K
WDC CALL SWEEP BULLISH 12/16/22 $20.00 $135.5K 5 120
WDC CALL SWEEP BULLISH 10/28/22 $36.00 $105.4K 630 893
WDC PUT SWEEP BEARISH 01/19/24 $40.00 $95.8K 6.3K 102
WDC CALL TRADE BULLISH 12/16/22 $20.00 $56.8K 5 195

Where Is Western Digital Standing Right Now?

  • With a volume of 4,794,059, the price of WDC is up 0.51% at $35.47.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 1 days.

What The Experts Say On Western Digital:

  • Wedbush has decided to maintain their Outperform rating on Western Digital, which currently sits at a price target of $60.
  • Morgan Stanley has decided to maintain their Overweight rating on Western Digital, which currently sits at a price target of $52.
  • Benchmark has decided to maintain their Sell rating on Western Digital, which currently sits at a price target of $28.
  • Craig-Hallum has decided to maintain their Buy rating on Western Digital, which currently sits at a price target of $50.

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.

Posted In: BZI-UOAOptionsMarkets