High-rolling investors have positioned themselves bearish on DigitalOcean Holdings DOCN, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DOCN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 16 options trades for DigitalOcean Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 18% bullish and 81% bearish. Among all the options we identified, there was one put, amounting to $65,520, and 15 calls, totaling $532,823.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $27.5 to $50.0 for DigitalOcean Holdings over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for DigitalOcean Holdings options trades today is 1507.5 with a total volume of 9,764.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for DigitalOcean Holdings's big money trades within a strike price range of $27.5 to $50.0 over the last 30 days.
DigitalOcean Holdings Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DOCN | PUT | SWEEP | BULLISH | 01/17/25 | $27.50 | $65.5K | 196 | 0 |
| DOCN | CALL | SWEEP | BEARISH | 01/16/26 | $50.00 | $49.8K | 2.8K | 495 |
| DOCN | CALL | TRADE | BEARISH | 01/16/26 | $50.00 | $45.9K | 2.8K | 751 |
| DOCN | CALL | SWEEP | BEARISH | 01/16/26 | $50.00 | $44.2K | 2.8K | 969 |
| DOCN | CALL | SWEEP | BEARISH | 01/16/26 | $50.00 | $44.0K | 2.8K | 579 |
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.
Current Position of DigitalOcean Holdings
- With a volume of 250,946, the price of DOCN is up 1.62% at $39.5.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 41 days.
What Analysts Are Saying About DigitalOcean Holdings
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $47.0.
- In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $47.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for DigitalOcean Holdings with Benzinga Pro for real-time 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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