Workday Inc. (WDAY) saw its stock price surge by 5.03% during intraday trading on Tuesday, marking a significant upward movement.
The sharp rise appears to be driven by heightened bullish sentiment in the options market. Unusual trading activity was detected with call volume significantly above normal levels, indicating strong investor optimism and expectations for further price appreciation.
This bullish options flow, characterized by increased implied volatility, suggests that traders are positioning for continued positive momentum in Workday shares.