Workday Stock Options

WDAY
 Stock
  

USD 159.50  0.05  0.0314%   

Workday's option chain provides insight into all available option contracts written on Workday's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Workday's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Workday option contract. View S&P 500 options
  
Purchasing Workday options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Workday calls. Remember, the seller must deliver Workday stock to the call owner when a call is exercised.

In The Money vs. Out of Money Option Contracts on Workday

Analyzing Workday's in-the-money options over time can help investors to take a profitable long position in Workday regardless of its overall volatility. This is especially true when Workday's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Workday's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Workday's stock while costing only a fraction of its price.
Workday's latest option contracts expiring on 2022-10-07 are carrying combined implied volatility of 128.13 with a put-to-call open interest ratio of 0.71 over 152 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2022-10-07. The current put volume is at 835, with calls trading at the volume of 791. This yields a 1.06 put-to-call volume ratio. The Workday option chain provides detailed quote and price information for the current Workday option contracts. It shows all of Workday's listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2022-10-07 Option Contracts

Workday option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Workday's lending market. For example, when Workday's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Workday, he or she must hedge the risk by shorting Workday stock over its option's life.
The chart above shows Workday's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Workday's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Workday's option, there is no secondary market available for investors to trade.

Workday Maximum Pain Price across 2022-10-07 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Workday close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Workday's stock options are financial instruments that give investors the right to buy or sell shares of Workday common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Workday stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Workday's stock price goes up or down, the stock options follow.
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Please note that buying 'in-the-money' options on Workday lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Workday's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Workday contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Workday Stock moves the wrong way.

Workday In The Money Call Balance

When Workday's strike price is surpassing the current stock price, the option contract against Workday stock is said to be in the money. When it comes to buying Workday's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Workday are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Workday Current Options Market Mood

Workday's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Workday Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Workday's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Workday's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Workday's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current Workday contract

Base on the Rule 16, the options market is currently suggesting that Workday will have an average daily up or down price movement of about 8.01% per day over the life of the 2022-10-07 option contract. With Workday trading at $159.5, that is roughly $12.77. If you think that the market is fully incorporating Workday's daily price movement you should consider buying Workday options at the current volatility level of 128.13%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Workday Option Chain

When Workday's strike price is surpassing the current stock price, the option contract against Workday stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
2022-10-072022-10-142022-10-212022-10-282022-11-042022-11-112022-11-182022-12-162023-01-202023-03-172023-06-162024-01-192025-01-17
Workday's option chain is a display of a range of information that helps investors for ways to trade options on Workday. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Workday. It also shows strike prices and maturity days for a Workday against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2022-10-07 CALL at $80.00.98995.0E-402022-10-0778.8 - 80.50.0In
Call
2022-10-07 CALL at $85.00.97830.00102022-10-0773.4 - 76.50.0In
Call
2022-10-07 CALL at $90.00.97320.001202022-10-0768.85 - 71.250.0In
Call
2022-10-07 CALL at $95.00.97920.001202022-10-0763.55 - 66.10.0In
Call
2022-10-07 CALL at $100.00.99376.0E-402022-10-0758.55 - 60.50.0In
Call
2022-10-07 CALL at $105.00.99783.0E-402022-10-0753.15 - 55.80.0In
Call
2022-10-07 CALL at $108.00.94690.002602022-10-0750.05 - 52.50.0In
Call
2022-10-07 CALL at $109.00.96950.00202022-10-0749.8 - 52.00.0In
Call
2022-10-07 CALL at $110.00.96650.002202022-10-0748.4 - 51.50.0In
Call
2022-10-07 CALL at $111.00.96460.002302022-10-0747.75 - 50.20.0In
Call
2022-10-07 CALL at $112.00.96050.002502022-10-0746.55 - 49.550.0In
Call
2022-10-07 CALL at $113.00.98370.001502022-10-0745.5 - 47.750.0In
Call
2022-10-07 CALL at $114.00.98150.001702022-10-0744.6 - 46.70.0In
Call
2022-10-07 CALL at $115.00.97430.002102022-10-0743.75 - 45.750.0In
Call
2022-10-07 CALL at $116.00.96630.002602022-10-0742.8 - 44.950.0In
Call
2022-10-07 CALL at $117.00.97660.002102022-10-0741.8 - 43.60.0In
Call
2022-10-07 CALL at $118.00.94160.003602022-10-0740.45 - 42.350.0In
Call
2022-10-07 CALL at $119.00.95310.003302022-10-0739.8 - 42.350.0In
Call
2022-10-07 CALL at $120.00.99070.001302022-10-0738.35 - 40.70.0In
Call
2022-10-07 CALL at $121.00.98050.002102022-10-0737.75 - 39.50.0In
Call
2022-10-07 CALL at $122.00.98740.001702022-10-0736.8 - 38.30.0In
Call
2022-10-07 CALL at $123.00.96930.00302022-10-0735.8 - 37.70.0In
Call
2022-10-07 CALL at $124.00.94610.004202022-10-0734.75 - 37.450.0In
Call
2022-10-07 CALL at $125.00.97620.002802022-10-0733.75 - 35.550.0In
Call
2022-10-07 CALL at $126.00.97110.003202022-10-0732.75 - 34.650.0In
Call
2022-10-07 CALL at $127.00.980.002702022-10-0731.85 - 33.350.0In
Call
2022-10-07 CALL at $128.00.93760.005102022-10-0730.75 - 32.150.0In
Call
2022-10-07 CALL at $129.00.93460.005402022-10-0729.9 - 32.450.0In
Call
2022-10-07 CALL at $130.00.95290.004902022-10-0728.35 - 31.40.0In
Call
2022-10-07 CALL at $131.00.95360.00502022-10-0727.85 - 29.850.0In
Call
2022-10-07 CALL at $132.00.93070.006302022-10-0726.7 - 28.150.0In
Call
2022-10-07 CALL at $133.00.96220.004902022-10-0725.8 - 27.650.0In
Call
2022-10-07 CALL at $134.00.98230.003222022-10-0724.85 - 26.2514.75In
Call
2022-10-07 CALL at $135.00.97450.0043182022-10-0723.9 - 25.319.6In
Call
2022-10-07 CALL at $136.00.98530.003122022-10-0722.8 - 24.2514.25In
Call
2022-10-07 CALL at $137.00.98470.003412022-10-0721.9 - 23.1517.55In
Call
2022-10-07 CALL at $138.00.92860.008432022-10-0720.7 - 22.016.3In
Call
2022-10-07 CALL at $139.00.9140.009412022-10-0719.9 - 22.417.5In
Call
2022-10-07 CALL at $140.00.89320.010542022-10-0718.35 - 20.417.74In
Call
2022-10-07 CALL at $141.00.95670.0079132022-10-0717.95 - 19.413.9In
Call
2022-10-07 CALL at $142.00.99450.002172022-10-0716.6 - 18.3515.75In
Call
2022-10-07 CALL at $143.00.95270.009332022-10-0715.85 - 17.511.2In
Call
2022-10-07 CALL at $144.00.98590.004892022-10-0714.65 - 16.3510.28In
Call
2022-10-07 CALL at $145.00.96140.009672022-10-0713.7 - 15.58.35In
Call
2022-10-07 CALL at $146.00.9160.014872022-10-0713.05 - 14.79.7In
Call
2022-10-07 CALL at $147.00.92940.015132022-10-0711.95 - 13.5510.1In
Call
2022-10-07 CALL at $148.00.92120.0171172022-10-0710.55 - 13.09.1In
Call
2022-10-07 CALL at $149.00.93960.0169312022-10-0710.05 - 11.254.85In
Call
2022-10-07 CALL at $150.00.90620.0222532022-10-079.1 - 10.59.88In
Call
2022-10-07 CALL at $152.50.88620.03211182022-10-076.95 - 7.77.3In
Call
2022-10-07 CALL at $155.00.76420.04761302022-10-075.05 - 5.75.8In
Call
2022-10-07 CALL at $157.50.64530.06692462022-10-073.2 - 3.452.33In
Call
2022-10-07 CALL at $160.00.46590.07572122022-10-071.72 - 1.962.16Out
Call
2022-10-07 CALL at $162.50.28450.0661762022-10-070.77 - 1.021.1Out
Call
2022-10-07 CALL at $165.00.14870.04511402022-10-070.32 - 0.460.22Out
Call
2022-10-07 CALL at $167.50.08070.0271842022-10-070.14 - 0.220.2Out
Call
2022-10-07 CALL at $170.00.04540.016922022-10-070.03 - 0.170.11Out
Call
2022-10-07 CALL at $172.50.02530.0093182022-10-070.02 - 0.120.06Out
Call
2022-10-07 CALL at $175.00.01950.0067542022-10-070.01 - 0.140.05Out
Call
2022-10-07 CALL at $177.50.02730.0072102022-10-070.01 - 0.174.65Out
Call
2022-10-07 CALL at $180.00.01960.0051422022-10-070.01 - 0.120.06Out
Call
2022-10-07 CALL at $182.50.00410.0015352022-10-070.01 - 0.140.01Out
Call
2022-10-07 CALL at $185.00.02070.0044222022-10-070.01 - 0.160.09Out
Call
2022-10-07 CALL at $187.50.01580.0033202022-10-070.01 - 0.120.08Out
Call
2022-10-07 CALL at $190.00.01750.0033242022-10-070.01 - 0.150.02Out
Call
2022-10-07 CALL at $200.00.00570.00121842022-10-070.01 - 0.040.03Out
Call
2022-10-07 CALL at $220.00.0024.0E-4802022-10-070.0 - 0.050.01Out
Call
2022-10-07 CALL at $225.00.00487.0E-44682022-10-070.01 - 0.050.01Out
Call
2022-10-07 CALL at $230.00.00183.0E-42442022-10-070.0 - 0.090.01Out
Call
2022-10-07 CALL at $235.00.00173.0E-412322022-10-070.0 - 0.020.01Out
 Put
2022-10-07 PUT at $235.0-0.92920.003502022-10-0774.25 - 76.650.0In
 Put
2022-10-07 PUT at $230.0-0.93870.003402022-10-0769.3 - 71.40.0In
 Put
2022-10-07 PUT at $225.0-0.93130.003802022-10-0764.35 - 66.50.0In
 Put
2022-10-07 PUT at $220.0-0.9420.003802022-10-0759.4 - 61.250.0In
 Put
2022-10-07 PUT at $215.0-0.93350.004302022-10-0754.45 - 56.350.0In
 Put
2022-10-07 PUT at $210.0-0.93930.004502022-10-0749.4 - 51.20.0In
 Put
2022-10-07 PUT at $205.0-0.92610.005302022-10-0744.1 - 46.350.0In
 Put
2022-10-07 PUT at $200.0-0.92810.005802022-10-0739.25 - 41.250.0In
 Put
2022-10-07 PUT at $197.5-0.92550.006302022-10-0736.9 - 38.750.0In
 Put
2022-10-07 PUT at $195.0-0.96450.004502022-10-0734.45 - 37.140.5In
 Put
2022-10-07 PUT at $192.5-0.87570.008402022-10-0731.1 - 34.450.0In
 Put
2022-10-07 PUT at $190.0-0.90490.008302022-10-0729.55 - 31.40.0In
 Put
2022-10-07 PUT at $187.5-0.9120.008702022-10-0726.6 - 28.750.0In
 Put
2022-10-07 PUT at $185.0-0.97520.004902022-10-0724.05 - 27.250.0In
 Put
2022-10-07 PUT at $182.5-0.98360.004102022-10-0722.15 - 24.050.0In
 Put
2022-10-07 PUT at $180.0-0.95780.008202022-10-0719.85 - 21.60.0In
 Put
2022-10-07 PUT at $177.5-0.9880.004202022-10-0717.15 - 19.00.0In
 Put
2022-10-07 PUT at $175.0-0.87880.016412022-10-0714.7 - 16.250.0In
 Put
2022-10-07 PUT at $172.5-0.87260.019552022-10-0712.05 - 13.78.85In
 Put
2022-10-07 PUT at $170.0-0.85760.0243322022-10-079.85 - 11.217.1In
 Put
2022-10-07 PUT at $167.5-0.78320.0305232022-10-076.2 - 9.27.63In
 Put
2022-10-07 PUT at $165.0-0.91270.0401192022-10-075.6 - 6.555.7In
 Put
2022-10-07 PUT at $162.5-0.70820.0644422022-10-073.8 - 4.24.3In
 Put
2022-10-07 PUT at $160.0-0.53290.0736392022-10-072.3 - 2.582.01In
 Put
2022-10-07 PUT at $157.5-0.35910.0649462022-10-071.32 - 1.551.25Out
 Put
2022-10-07 PUT at $155.0-0.22910.04841442022-10-070.72 - 0.850.85Out
 Put
2022-10-07 PUT at $152.5-0.12890.0328612022-10-070.36 - 0.480.35Out
 Put
2022-10-07 PUT at $150.0-0.0760.0207662022-10-070.2 - 0.270.24Out
 Put
2022-10-07 PUT at $149.0-0.0630.0172602022-10-070.16 - 0.240.41Out
 Put
2022-10-07 PUT at $148.0-0.05090.0142332022-10-070.06 - 0.261.56Out
 Put
2022-10-07 PUT at $147.0-0.04260.0119192022-10-070.11 - 0.160.34Out
 Put
2022-10-07 PUT at $146.0-0.03250.0094352022-10-070.1 - 0.110.1Out
 Put
2022-10-07 PUT at $145.0-0.03290.0088252022-10-070.08 - 0.130.11Out
 Put
2022-10-07 PUT at $144.0-0.02920.0076402022-10-070.07 - 0.10.1Out
 Put
2022-10-07 PUT at $143.0-0.02360.0063192022-10-070.05 - 0.090.08Out
 Put
2022-10-07 PUT at $142.0-0.01920.0052402022-10-070.04 - 0.090.11Out
 Put
2022-10-07 PUT at $141.0-0.01730.0045832022-10-070.05 - 0.070.1Out
 Put
2022-10-07 PUT at $140.0-0.01440.0038562022-10-070.03 - 0.070.3Out
 Put
2022-10-07 PUT at $139.0-0.01780.0041132022-10-070.02 - 0.120.06Out
 Put
2022-10-07 PUT at $137.0-0.01070.0027962022-10-070.01 - 0.050.04Out
 Put
2022-10-07 PUT at $136.0-0.01230.0028342022-10-070.01 - 0.090.04Out
 Put
2022-10-07 PUT at $135.0-0.01180.0026422022-10-070.0 - 0.10.05Out
 Put
2022-10-07 PUT at $120.0-0.00214.0E-462022-10-070.0 - 0.010.01Out
 Put
2022-10-07 PUT at $95.0-0.00121.0E-45582022-10-070.0 - 0.010.01Out

Workday Implied Volatility

    
  128.13  
Workday's implied volatility exposes the market's sentiment of Workday stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Workday's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Workday stock will not fluctuate a lot when Workday's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Workday in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Workday's short interest history, or implied volatility extrapolated from Workday options trading.

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Check out Your Current Watchlist. Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

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Is Workday's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workday. If investors know Workday will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workday's market value can be influenced by many factors that don't directly affect Workday's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine Workday value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.