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%.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WDAY:
- Options Volatility and Implied Earnings Moves Today, May 23, 2024
- WDAY Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Options Volatility and Implied Earnings Moves This Week, May 20 – May 23, 2024
- Insperity price target raised to $109 from $105 at Baird
- Workday downgraded to Mixed from Positive view at OTR Global