Pre-earnings options volume in Workday is 1.3x normal with puts leading calls 3:2. Implied volatility suggests the market is anticipating a move near 7.8%, or $11.12, after results are released. Median move over the past eight quarters is 4.6%.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on WDAY:
- Workday Stock Jumps after Earnings Beat
- Workday Announces Fiscal 2023 Third Quarter Financial Results
- Notable companies reporting after market close
- Workday price target lowered to $195 from $207 at KeyBanc
- Jim Cramer Says These 2 Cloud Stocks Could Rebound as Soon as the Fed Slows Down Its Tightening Path