A Closer Look at DoubleVerify Hldgs's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bearish stance on DoubleVerify Hldgs.

Looking at options history for DoubleVerify Hldgs DV we detected 18 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $828,062 and 9, calls, for a total amount of $401,521.

Latest Startup Investment Opportunities:

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $40.0 for DoubleVerify Hldgs during the past quarter.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for DoubleVerify Hldgs's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of DoubleVerify Hldgs's whale activity within a strike price range from $35.0 to $40.0 in the last 30 days.

DoubleVerify Hldgs Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DV PUT TRADE BEARISH 03/15/24 $40.00 $270.0K 12.7K 7.5K
DV PUT TRADE BEARISH 03/15/24 $35.00 $181.9K 1.8K 6.9K
DV PUT SWEEP BEARISH 04/19/24 $40.00 $100.1K 1.6K 286
DV PUT SWEEP BULLISH 03/15/24 $40.00 $75.7K 12.7K 2.9K
DV CALL SWEEP BULLISH 03/15/24 $40.00 $61.6K 2.9K 475

About DoubleVerify Hldgs

DoubleVerify Holdings Inc is a digital media measurement and analytics software platform. The Authentic Ad ensures that a digital ad was delivered in a brand-safe setting, completely viewable, by a real individual, and in the expected geography, is one of its solutions. It generates revenues from its advertisement customers by charging a Measured Transaction Fee on the volume of Media Transactions Measured on the software platform.

After a thorough review of the options trading surrounding DoubleVerify Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

DoubleVerify Hldgs's Current Market Status

  • Currently trading with a volume of 3,013,938, the DV's price is down by -9.75%, now at $37.5.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 0 days.

What The Experts Say On DoubleVerify Hldgs

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $47.333333333333336.

  • Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for DoubleVerify Hldgs, targeting a price of $49.
  • Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for DoubleVerify Hldgs, targeting a price of $48.
  • An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $45.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for DoubleVerify Hldgs, Benzinga Pro gives you real-time options trades alerts.

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DVDoubleVerify Holdings Inc
$14.79-1.60%

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Edge Rankings
Momentum
19.70
Growth
96.11
Quality
Not Available
Value
51.17
Price Trend
Short
Medium
Long
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