Investors with a lot of money to spend have taken a bullish stance on Western Digital (NASDAQ:WDC).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with WDC, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 23 uncommon options trades for Western Digital.
This isn’t normal.
The overall sentiment of these big-money traders is split between 56% bullish and 34%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $173,240, and 18 are calls, for a total amount of $1,708,957.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $250.0 for Western Digital during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Western Digital’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Western Digital’s whale trades within a strike price range from $125.0 to $250.0 in the last 30 days.
Western Digital Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WDC | CALL | TRADE | BULLISH | 01/09/26 | $12.7 | $12.45 | $12.7 | $170.00 | $334.0K | 7 | 495 |
| WDC | CALL | TRADE | BULLISH | 01/09/26 | $12.75 | $12.45 | $12.75 | $170.00 | $237.1K | 7 | 232 |
| WDC | CALL | TRADE | BEARISH | 01/23/26 | $18.15 | $17.2 | $17.2 | $167.50 | $172.0K | 13 | 100 |
| WDC | CALL | TRADE | BULLISH | 01/23/26 | $16.9 | $16.9 | $16.9 | $167.50 | $168.9K | 13 | 200 |
| WDC | CALL | SWEEP | BEARISH | 09/18/26 | $23.95 | $23.65 | $23.65 | $230.00 | $113.5K | 6 | 49 |
About Western Digital
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
In light of the recent options history for Western Digital, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Western Digital
- With a trading volume of 2,136,889, the price of WDC is up by 0.97%, reaching $170.53.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 51 days from now.
What The Experts Say On Western Digital
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $210.0.
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* In a cautious move, an analyst from China Renaissance downgraded its rating to Buy, setting a price target of $193.
* Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Western Digital, targeting a price of $250.
* An analyst from B of A Securities persists with their Buy rating on Western Digital, maintaining a target price of $197.
* An analyst from Citigroup has decided to maintain their Buy rating on Western Digital, which currently sits at a price target of $200.
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.
