Looking At Workday's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Workday (NASDAQ:WDAY), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 uncommon options trades, with 91% bearish sentiment. Whales have been targeting a price range of $200 to $220 for Workday over the last 3 months.
June 05, 2023 | 8:16 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Workday (NASDAQ:WDAY) with unusual options activity. 91% bearish sentiment has been observed, targeting a price range of $200 to $220.
The unusual options activity, with 91% bearish sentiment, indicates that a large investor is expecting Workday's stock price to decline in the short term. This could have a negative impact on the stock price as other investors may follow suit or react to the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100