Western Digital Stock Options

WDC Stock  USD 48.93  0.73  1.51%   
Western Digital's latest option contracts expiring on May 16th 2025 are carrying combined implied volatility of 0.3 with a put-to-call open interest ratio of 0.06 over 31 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on May 16th 2025. The total put volume is at 24.0, with calls trading at the volume of 2.7 K. This yields a 0.01 put-to-call volume ratio.

Open Interest Against May 16th 2025 Option Contracts

The chart above shows Western Digital'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. Western Digital's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Western Digital's option, there is no secondary market available for investors to trade.

Western Digital Maximum Pain Price Across 2025-05-16 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 Western Digital close to expiration to expire worthless. 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, Western Digital'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 Western Digital

Analyzing Western Digital's in-the-money options over time can help investors to take a profitable long position in Western Digital regardless of its overall volatility. This is especially true when Western Digital's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Western Digital's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Western Digital's stock while costing only a fraction of its price.
Western Digital's stock options are financial instruments that give investors the right to buy or sell shares of Western Digital common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Western stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Western Digital's stock price goes up or down, the stock options follow.
At present, Western Digital's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 5.5 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 202.2 M.

Western Digital In The Money Call Balance

When Western Digital's strike price is surpassing the current stock price, the option contract against Western Digital stock is said to be in the money. When it comes to buying Western Digital'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 Western Digital 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.

Western Current Options Market Mood

Western Digital'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 Western 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 Western Digital'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. Western Digital'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 Western contract

Base on the Rule 16, the options market is currently suggesting that Western Digital will have an average daily up or down price movement of about 0.0188% per day over the life of the 2025-05-16 option contract. With Western Digital trading at USD 48.93, that is roughly USD 0.009174. If you think that the market is fully incorporating Western Digital's daily price movement you should consider buying Western Digital options at the current volatility level of 0.3%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Western Digital 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" Western calls. Remember, the seller must deliver Western Digital stock to the call owner when a call is exercised.

Western Digital Option Chain

When Western Digital's strike price is surpassing the current stock price, the option contract against Western Digital 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.
Western Digital's option chain is a display of a range of information that helps investors for ways to trade options on Western. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Western. It also shows strike prices and maturity days for a Western Digital 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
WDC250516C00040000040.010.1 - 10.2510.1In
Call
WDC250516C00042500042.57.55 - 9.27.55In
Call
WDC250516C00045000045.06.4 - 6.556.4In
Call
WDC250516C00047500347.54.9 - 5.055.45In
Call
WDC250516C000500006650.03.65 - 3.83.45Out
Call
WDC250516C0005250025252.52.67 - 2.772.61Out
Call
WDC250516C00055000571055.01.84 - 2.021.95Out
Call
WDC250516C0005750090057.51.28 - 1.431.4Out
Call
WDC250516C000600004460.00.86 - 1.120.89Out
Call
WDC250516C00062500162.50.0 - 0.010.84Out
Call
WDC250516C000650008465.00.37 - 0.70.5Out
Call
WDC250516C00067500267.50.0 - 0.06.05Out
Call
WDC250516C000700001470.00.0 - 0.05.1Out
Call
WDC250516C0007250029972.50.0 - 0.03.85Out
Call
WDC250516C000750009075.00.0 - 0.03.05Out
Call
WDC250516C00077500477.50.0 - 0.02.25Out
Call
WDC250516C00080000280.00.0 - 0.02.68Out
 Put
WDC250516P00040000040.00.74 - 2.370.74Out
 Put
WDC250516P00042500642.51.31 - 1.61.5Out
 Put
WDC250516P00045000545.02.06 - 2.521.57Out
 Put
WDC250516P000475003947.53.0 - 3.152.82Out
 Put
WDC250516P0005000022550.04.25 - 4.44.25In
 Put
WDC250516P0005250012752.55.7 - 5.954.75In
 Put
WDC250516P00055000055.07.45 - 8.457.6In
 Put
WDC250516P00057500857.59.4 - 9.658.55In
 Put
WDC250516P00060000060.011.5 - 11.9511.5In
 Put
WDC250516P00062500362.50.0 - 0.02.6In
 Put
WDC250516P00065000065.016.0 - 16.752.6In
 Put
WDC250516P00070000670.00.0 - 0.05.85In
 Put
WDC250516P000725001472.50.0 - 0.07.65In
 Put
WDC250516P00075000475.00.0 - 0.08.9In

Western Digital Selling And Marketing Expenses Over Time

   Selling And Marketing Expenses   
       Timeline  

Western Total Stockholder Equity

Total Stockholder Equity

13.06 Billion

At present, Western Digital's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting.

Western Digital Corporate Management

David GoeckelerCEO DirectorProfile
Gene ZamiskaSenior OfficerProfile
Shantnu SharmaChief OfficerProfile
Katie WatsonChief OfficerProfile
Vidya GubbiChief OperationsProfile
When determining whether Western Digital is a strong investment it is important to analyze Western Digital's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Digital's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Digital. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Western Stock refer to our How to Trade Western Stock guide.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Technology Hardware, Storage & Peripherals space 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 Western Digital. If investors know Western 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 Western Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.96)
Earnings Share
3.46
Revenue Per Share
46.363
Quarterly Revenue Growth
(0.41)
Return On Assets
0.0618
The market value of Western Digital is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Digital's value that differs from its market value or its book value, called intrinsic value, which is Western Digital'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 Western Digital's market value can be influenced by many factors that don't directly affect Western Digital'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 Western Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Digital'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.