WDAY Options
Workday Inc. Options Chain, Implied Volatility & Greeks
Comprehensive options market data for Workday Inc. (WDAY). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
WDAY Options at a Glance
What's Covered in This Guide
1 About Workday Inc. (WDAY)
Workday Inc. trades on NASDAQ. Options on WDAY are actively traded by retail and institutional investors.
Company Profile
Key Dates
WDAY is an actively traded options name in the HR Software space.
2 WDAY Options Market Overview
WDAY options offer very good liquidity for traders seeking exposure to HR Software.
Liquidity Assessment: Very Good
WDAY options provide very good liquidity for most trading strategies.
3 WDAY Volatility Profile
WDAY implied volatility reflects market expectations for Workday Inc. price movement.
Earnings Impact
IV typically increases before earnings and contracts afterward (IV crush).
Historical Volatility vs IV
Compare IV to historical volatility to assess option pricing relative to realized moves.
Term Structure
Term structure varies with market conditions and upcoming events.
WDAY Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for WDAY shows how dealer hedging may impact price behavior.
Typical GEX Profile: GEX profile varies based on market conditions and option positioning.
Key Levels: Major put and call walls at round number strikes may act as support/resistance.
Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.
4 Common WDAY Options Strategies
These are strategies commonly used by traders on WDAY options, based on typical market characteristics. This is not investment advice.
Used by WDAY traders for directional exposure. Very Good liquidity supports efficient execution.
Used by WDAY traders for volatility exposure. Very Good liquidity supports efficient execution.
Used by WDAY traders for neutral exposure. Very Good liquidity supports efficient execution.
Used by WDAY traders for income exposure. Very Good liquidity supports efficient execution.
Used by WDAY traders for time-based exposure. Very Good liquidity supports efficient execution.
Key Considerations for WDAY Options
- WDAY options liquidity: Very Good - affects execution quality
- IV range: 25% - 60% - important for premium selling strategies
- Earnings events can significantly impact IV and option prices
- Consider position sizing based on underlying volatility
- Weekly options available for short-term strategies
- LEAPS available for longer-term positioning
Frequently Asked Questions: WDAY Options
What are WDAY options?
WDAY options are derivative contracts that give you the right to buy (call) or sell (put) Workday Inc. shares at a specific price before expiration.
How do I analyze WDAY implied volatility?
WDAY IV typically ranges from 25% - 35% during quiet periods to 45% - 60% around earnings and major events. Compare current IV to historical ranges to assess relative value.
What is the typical bid-ask spread for WDAY options?
WDAY options have very good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does WDAY report earnings?
Workday Inc. typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for WDAY options?
Popular WDAY strategies include vertical spreads, straddles, and iron condors. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade WDAY options?
The most liquid trading hours for WDAY options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate WDAY option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for WDAY options across all strikes and expirations.
What happens to WDAY options at expiration?
In-the-money WDAY options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
On This Page
WDAY Analytics
WDAY Key Events
Related Tickers
Analyze WDAY Options
Access real-time GEX levels, IV analytics, and options flow for WDAY.
Create Free Account View PlansExplore WDAY Options Data
Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.