Workday Stock Options

WDAY Stock  USD 251.91  1.29  0.51%   
Workday's latest option contracts expiring on June 20th 2025 are carrying combined implied volatility of 0.51 with a put-to-call open interest ratio of 1.48 over 82 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on June 20th 2025. The total put volume is at 150, with calls trading at the volume of 222. This yields a 0.68 put-to-call volume ratio.

Open Interest Against June 20th 2025 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 2025-06-20 Option Contracts

Max pain occurs when Workday's market makers reach a net positive position across all Workday's options at a strike price where option holders stand to lose the most money. By contrast, Workday's option sellers may reap the most after selling more options than buying, causing them to expire worthless.

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 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

Unfortunately, most Workday's options investors are not very successful. 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.

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 0.0319% per day over the life of the 2025-06-20 option contract. With Workday trading at USD 251.91, that is roughly USD 0.0803. 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 0.51%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
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.

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.
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.
Open IntStrike PriceCurrent SpreadLast Price
Call
WDAY250620C00460000150460.00.05 - 0.20.1Out
Call
WDAY250620C0045000093450.00.0 - 0.20.2Out
Call
WDAY250620C0044000084440.00.0 - 1.351.55Out
Call
WDAY250620C0043000093430.00.0 - 2.150.9Out
Call
WDAY250620C00420000244420.00.0 - 2.31.5Out
Call
WDAY250620C004100006410.00.0 - 2.31.26Out
Call
WDAY250620C00400000347400.00.05 - 2.00.7Out
Call
WDAY250620C003900008390.00.0 - 1.20.5Out
Call
WDAY250620C0038000015380.00.0 - 2.52.13Out
Call
WDAY250620C00370000220370.00.0 - 2.551.9Out
Call
WDAY250620C00360000161360.00.0 - 2.71.3Out
Call
WDAY250620C00350000353350.00.0 - 1.00.76Out
Call
WDAY250620C00340000131340.00.0 - 2.01.63Out
Call
WDAY250620C00330000700330.00.0 - 1.91.35Out
Call
WDAY250620C00320000285320.01.7 - 2.351.57Out
Call
WDAY250620C00310000568310.02.55 - 3.13.0Out
Call
WDAY250620C00300000668300.03.9 - 4.34.15Out
Call
WDAY250620C00290000948290.05.7 - 6.25.53Out
Call
WDAY250620C00280000950280.08.1 - 8.58.5Out
Call
WDAY250620C00270000745270.09.9 - 11.711.9Out
Call
WDAY250620C00260000564260.015.1 - 15.815.7Out
Call
WDAY250620C00250000673250.019.8 - 20.520.61Out
Call
WDAY250620C00240000364240.025.6 - 26.623.5In
Call
WDAY250620C00230000155230.032.0 - 33.227.55In
Call
WDAY250620C0022000047220.037.5 - 40.539.64In
Call
WDAY250620C0021000039210.047.2 - 48.649.9In
Call
WDAY250620C0020000056200.054.7 - 57.146.6In
Call
WDAY250620C0019500045195.059.4 - 62.266.3In
Call
WDAY250620C0019000025190.063.9 - 66.661.45In
Call
WDAY250620C0018500014185.068.4 - 71.489.2In
Call
WDAY250620C00180000102180.072.5 - 75.779.4In
Call
WDAY250620C001750003175.077.6 - 81.4110.8In
Call
WDAY250620C001700003170.082.6 - 86.186.5In
Call
WDAY250620C001650003165.087.4 - 90.7119.3In
Call
WDAY250620C0016000046160.092.2 - 95.7116.4In
Call
WDAY250620C001550003155.097.0 - 100.5126.7In
Call
WDAY250620C001500001150.0102.1 - 105.4131.4In
Call
WDAY250620C001450004145.0106.8 - 110.4136.0In
Call
WDAY250620C001400001140.0111.7 - 114.8129.9In
Call
WDAY250620C001350002135.0116.6 - 119.9159.8In
Call
WDAY250620C001300002130.0121.6 - 124.890.0In
 Put
WDAY250620P004600000460.0207.2 - 210.7207.2In
 Put
WDAY250620P004500000450.0197.6 - 200.6197.6In
 Put
WDAY250620P004400000440.0187.3 - 190.5187.3In
 Put
WDAY250620P004300000430.0177.2 - 180.7177.2In
 Put
WDAY250620P004200000420.0167.2 - 170.7167.2In
 Put
WDAY250620P004100000410.0157.2 - 160.6157.2In
 Put
WDAY250620P004000000400.0147.4 - 150.6126.0In
 Put
WDAY250620P003900000390.0137.2 - 140.5137.2In
 Put
WDAY250620P003800000380.0127.2 - 130.4127.2In
 Put
WDAY250620P003700000370.0117.2 - 120.7117.2In
 Put
WDAY250620P0031000032310.058.8 - 61.549.6In
 Put
WDAY250620P0030000027300.050.0 - 52.059.17In
 Put
WDAY250620P0029000066290.041.3 - 43.336.3In
 Put
WDAY250620P00280000183280.033.9 - 35.244.57In
 Put
WDAY250620P00270000535270.026.9 - 28.527.3In
 Put
WDAY250620P00260000771260.021.3 - 21.821.1In
 Put
WDAY250620P00250000780250.016.2 - 16.816.5Out
 Put
WDAY250620P002400001207240.010.7 - 14.012.08Out
 Put
WDAY250620P002300001012230.08.5 - 9.08.8Out
 Put
WDAY250620P002200003090220.05.4 - 6.46.1Out
 Put
WDAY250620P00210000758210.02.5 - 4.94.4Out
 Put
WDAY250620P00200000778200.02.65 - 3.12.8Out
 Put
WDAY250620P001950001743195.01.65 - 2.753.07Out
 Put
WDAY250620P00190000323190.00.0 - 2.53.05Out
 Put
WDAY250620P00185000186185.00.0 - 2.152.55Out
 Put
WDAY250620P00180000243180.00.8 - 2.552.21Out
 Put
WDAY250620P0017500036175.00.05 - 3.21.5Out
 Put
WDAY250620P0017000025170.00.05 - 3.11.0Out
 Put
WDAY250620P00165000655165.00.05 - 2.051.15Out
 Put
WDAY250620P00160000196160.00.0 - 2.40.8Out
 Put
WDAY250620P0015500025155.00.0 - 2.41.6Out
 Put
WDAY250620P0015000083150.00.0 - 2.650.4Out
 Put
WDAY250620P001450004145.00.0 - 2.550.85Out
 Put
WDAY250620P001400003140.00.0 - 1.251.2Out
 Put
WDAY250620P001350004135.00.0 - 1.751.0Out
 Put
WDAY250620P0013000030130.00.0 - 1.21.05Out
 Put
WDAY250620P00125000100125.00.0 - 1.20.15Out
 Put
WDAY250620P0012000058120.00.0 - 1.70.15Out
 Put
WDAY250620P00115000125115.00.0 - 0.950.21Out
 Put
WDAY250620P0011000063110.00.0 - 2.30.2Out
 Put
WDAY250620P0010500067105.00.0 - 2.30.2Out

Workday Selling And Marketing Expenses Over Time

   Selling And Marketing Expenses   
       Timeline  

Workday Other Stockholder Equity

Other Stockholder Equity

10.66 Billion

At this time, Workday's Other Stockholder Equity is fairly stable compared to the past year.

Workday Corporate Management

Additional Tools for Workday Stock Analysis

When running Workday's price analysis, check to measure Workday's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workday is operating at the current time. Most of Workday's value examination focuses on studying past and present price action to predict the probability of Workday's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workday's price. Additionally, you may evaluate how the addition of Workday to your portfolios can decrease your overall portfolio volatility.