Learn the trade here. Make it on tradeMONSTER

Options Trading News

September 27, 2013  Fri 12:20 PM CT

WDAY: SEE CHART GET CHAIN FIND STRATEGIES
A large trade sees limited downside potential for Workday as the business-technology company trades near all-time highs.

A big print of 4,273 October 80 puts was sold for $1.15, according to optionMONSTER systems. The volume was more than 10 times the previous open interest, so this is clearly a new position.

The put seller sees WDAY holding above $80 in the next three weeks. The trader is taking the risk of having to buy shares if they fall below that level. (See our Education section)

WDAY, a provider of enterprise cloud-based applications, is off fractionally at $82.30 in afternoon trading but still not far from its record-high close of $83.13 reached last week.

Almost 6,200 WDAY options have changed hands so far, compared to the daily average of 756 over the last month.
Share this article with your friends


Related Stories

WDAY

Notable option trades in equities

August 22, 2014

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER