Benzinga's options scanner has just identified more than 9 option transactions on DigitalOcean Holdings DOCN, with a cumulative value of $311,684. Concurrently, our algorithms picked up 3 puts, worth a total of 97,686.
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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 $32.5 and $35.0 for DigitalOcean Holdings, spanning the last three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for DigitalOcean Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across DigitalOcean Holdings's significant trades, within a strike price range of $32.5 to $35.0, over the past month.
DigitalOcean Holdings Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DOCN | CALL | SWEEP | BULLISH | 06/21/24 | $2.85 | $2.7 | $2.85 | $32.50 | $84.0K | 760 | 423 |
| DOCN | CALL | SWEEP | BULLISH | 05/17/24 | $1.25 | $1.15 | $1.24 | $35.00 | $49.6K | 1.5K | 1.1K |
| DOCN | PUT | TRADE | BEARISH | 06/21/24 | $4.3 | $4.1 | $4.22 | $35.00 | $42.2K | 353 | 75 |
| DOCN | CALL | SWEEP | BULLISH | 06/21/24 | $1.75 | $1.65 | $1.75 | $35.00 | $37.2K | 296 | 70 |
| DOCN | CALL | SWEEP | BULLISH | 06/21/24 | $1.75 | $1.65 | $1.75 | $35.00 | $31.1K | 296 | 283 |
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
DigitalOcean Holdings's Current Market Status
- Currently trading with a volume of 2,203,907, the DOCN's price is down by -3.24%, now at $32.58.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 1 days.
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.
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