DocuSign Whale Trades For March 30

A whale with a lot of money to spend has taken a noticeably bearish stance on DocuSign.

Looking at options history for DocuSign DOCU we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $346,003 and 5, calls, for a total amount of $2,321,799.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $115.0 for DocuSign over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for DocuSign options trades today is 1193.67 with a total volume of 2,645.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for DocuSign's big money trades within a strike price range of $90.0 to $115.0 over the last 30 days.

DocuSign Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DOCU CALL TRADE BEARISH 04/14/22 $90.00 $2.1M 1.6K 1.0K
DOCU CALL TRADE BULLISH 04/01/22 $112.00 $82.8K 329 556
DOCU PUT SWEEP BEARISH 01/20/23 $115.00 $82.3K 384 33
DOCU PUT SWEEP BEARISH 01/20/23 $97.50 $64.8K 39 0
DOCU PUT TRADE BULLISH 04/08/22 $115.00 $64.0K 384 82

Where Is DocuSign Standing Right Now?

  • With a volume of 1,443,633, the price of DOCU is down -0.57% at $110.61.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 64 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.

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Posted In: OptionsMarketsBZI-UOA
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