Western Digital Stock Options

WDC Stock  USD 44.51  0.39  0.87%   
Western Digital's latest option contracts expiring on June 20th 2025 are carrying combined implied volatility of 0.26 with a put-to-call open interest ratio of 0.3 over 52 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on June 20th 2025.

Open Interest Against June 20th 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 2025-06-20 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 0.0163% per day over the life of the 2025-06-20 option contract. With Western Digital trading at USD 44.51, that is roughly USD 0.007233. 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 0.26%. 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
WDC250620C000700008170.00.02 - 1.050.37Out
Call
WDC250620C00065000865.00.19 - 0.280.3Out
Call
WDC250620C000600005360.00.29 - 0.660.52Out
Call
WDC250620C0005750026157.50.66 - 0.960.69Out
Call
WDC250620C0005500010255.01.0 - 1.091.04Out
Call
WDC250620C0005250042452.51.48 - 1.571.4Out
Call
WDC250620C000500001023550.02.14 - 2.232.23Out
Call
WDC250620C0004750038847.53.0 - 3.152.95Out
Call
WDC250620C0004500024945.04.1 - 4.254.13Out
Call
WDC250620C0004250014442.55.5 - 5.655.85In
Call
WDC250620C000400005140.07.1 - 8.157.3In
Call
WDC250620C00037500337.58.95 - 9.159.0In
Call
WDC250620C00035000135.010.3 - 12.059.75In
Call
WDC250620C00032500132.512.65 - 13.712.62In
Call
WDC250620C00115000278115.00.0 - 0.00.25Out
Call
WDC250620C00110000505110.00.0 - 0.00.35Out
Call
WDC250620C00105000376105.00.0 - 0.00.42Out
Call
WDC250620C00100000282100.00.0 - 0.00.63Out
Call
WDC250620C00095000101795.00.0 - 0.00.92Out
Call
WDC250620C0009000083290.00.0 - 0.01.08Out
Call
WDC250620C0008750044087.50.0 - 0.01.8Out
Call
WDC250620C0008500079485.00.0 - 0.01.98Out
Call
WDC250620C0008250063082.50.0 - 0.02.55Out
Call
WDC250620C00080000295180.00.0 - 0.02.47Out
Call
WDC250620C0007750021277.50.0 - 0.03.05Out
Call
WDC250620C00075000270475.00.0 - 0.03.8Out
Call
WDC250620C00072500282272.50.0 - 0.04.6Out
Call
WDC250620C00067500100267.50.0 - 0.06.9Out
Call
WDC250620C0006250051362.50.0 - 0.011.8Out
 Put
WDC250620P00062500182862.50.0 - 0.02.5In
 Put
WDC250620P00067500138767.50.0 - 0.05.45In
 Put
WDC250620P0007250041572.50.0 - 0.08.2In
 Put
WDC250620P0007500091975.00.0 - 0.09.85In
 Put
WDC250620P0007750028777.50.0 - 0.09.3In
 Put
WDC250620P0008000047380.00.0 - 0.011.5In
 Put
WDC250620P0008250022682.50.0 - 0.013.4In
 Put
WDC250620P000875001087.50.0 - 0.024.59In
 Put
WDC250620P00090000590.00.0 - 0.026.97In
 Put
WDC250620P000325003132.50.42 - 1.771.35Out
 Put
WDC250620P0003500033435.00.7 - 2.031.72Out
 Put
WDC250620P000375002837.51.15 - 1.351.34Out
 Put
WDC250620P000400008040.01.77 - 1.841.98Out
 Put
WDC250620P00042500203142.52.63 - 2.713.75Out
 Put
WDC250620P000450005845.03.7 - 3.85.2Out
 Put
WDC250620P000475004547.55.05 - 5.95.15In
 Put
WDC250620P00050000850.06.7 - 6.856.65In
 Put
WDC250620P0005250012952.58.55 - 10.29.15In
 Put
WDC250620P00055000055.010.6 - 11.80.99In
 Put
WDC250620P000575002857.512.8 - 13.010.2In
 Put
WDC250620P00060000260.015.1 - 15.310.4In
 Put
WDC250620P00065000065.019.6 - 20.24.12In
 Put
WDC250620P00070000070.024.85 - 26.4524.85In

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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.