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Workday options imply 4.6% move in share price post-earnings

Workday options imply 4.6% move in share price post-earnings

Pre-earnings options volume in Workday is 2.4x normal with calls leading puts 5:3. Implied volatility suggests the market is anticipating a move near 4.6%, or $12.15, after results are released. Median move over the past eight quarters is 5.5%.

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