Workday (WDAY) Protective Put Calculator
Calculator · free · no signup · WDAYPrice a protective put or zero-cost collar on Workday. Annual cost, max loss, upside cap, tax treatment, auto-filled from current WDAY option chain.
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You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
Request beta access →About Workday
Workday (WDAY) is a public Cloud/SaaS company, incorporated in Delaware and headquartered in Pleasanton, CA. IPO'd Oct 12, 2012.
Last close: $126.77 per share (as of 2026-06-16).
Equity grants at Workday typically include restricted stock units (RSUs).
Workday, Inc., is an American on‑demand (cloud-based) financial management, human capital management, and student information system software vendor. Workday was founded by David Duffield, founder and former CEO of ERP company PeopleSoft, along with former PeopleSoft chief strategist Aneel Bhusri, following Oracle's acquisition of PeopleSoft in 2005.
Source: Wikipedia (CC BY-SA 4.0)
When Oracle completed its $10.3 billion acquisition of PeopleSoft in January 2005, PeopleSoft's founder Dave Duffield and chief strategist Aneel Bhusri co-founded Workday two months later in Pleasanton, California. Workday rebuilt enterprise HR and financial management software as a native multi-tenant cloud application rather than porting on-premise architectures, betting on browser delivery when enterprise software was still largely installed on servers. The company IPO'd on Nasdaq as WDAY in October 2012 at an $8.5 billion market cap and reported $8.45 billion in revenue in fiscal year 2025, up 16% year-over-year, serving over 10,000 enterprise customers.
Sources: en.wikipedia.org · fortune.com
Equity comp at Workday
- RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.
Researched 2026-05-07.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Workday.
A protective put caps your downside on the WDAY position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current WDAY option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share WDAY position at $126.77 is worth $633,850. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $12,677 to $25,354) before any premium offset from a short call. The calculator prices both structures off WDAY's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Workday tools → · Use the generic Protect Your Stock Calculator for any company.
Workday equity questions
- How much does it cost to hedge WDAY stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and WDAY's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current WDAY option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Workday grant ISOs, NSOs, or RSUs?
- Equity compensation at Workday typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Workday RSUs use double-trigger vesting?
- No. Workday restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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OptionsAhoy plans your Workday equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.