Investors with a lot of money to spend have taken a bearish stance on DigitalOcean Holdings DOCN.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DOCN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for DigitalOcean Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,500, and 7, calls, for a total amount of $314,160.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $50.0 for DigitalOcean Holdings, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for DigitalOcean Holdings'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 DigitalOcean Holdings's whale trades within a strike price range from $25.0 to $50.0 in the last 30 days.
DigitalOcean Holdings Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DOCN | CALL | SWEEP | BEARISH | 01/16/26 | $50.00 | $67.3K | 3.7K | 15 |
| DOCN | CALL | TRADE | BULLISH | 01/16/26 | $50.00 | $63.5K | 3.7K | 1.1K |
| DOCN | CALL | SWEEP | BEARISH | 01/16/26 | $50.00 | $47.5K | 3.7K | 862 |
| DOCN | CALL | SWEEP | NEUTRAL | 01/16/26 | $50.00 | $45.0K | 3.7K | 668 |
| DOCN | CALL | TRADE | BEARISH | 01/16/26 | $50.00 | $34.2K | 3.7K | 389 |
About DigitalOcean Holdings
DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and Other countries.
Having examined the options trading patterns of DigitalOcean Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of DigitalOcean Holdings
- With a trading volume of 707,938, the price of DOCN is down by -1.4%, reaching $38.75.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 43 days from now.
Expert Opinions on DigitalOcean Holdings
1 market experts have recently issued ratings for this stock, with a consensus target price of $47.0.
- An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $47.
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 DigitalOcean Holdings, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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