This Is What Whales Are Betting On DocuSign

Someone with a lot of money to spend has taken a bullish stance on DocuSign DOCU.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DOCU, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 19 options trades for DocuSign.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 42%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $90,250, and 18, calls, for a total amount of $1,236,316..

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 $77.0 to $195.0 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 1003.81 with a total volume of 3,245.00.

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 $77.0 to $195.0 over the last 30 days.

DocuSign Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DOCU CALL TRADE BULLISH 01/19/24 $160.00 $507.0K 951 300
DOCU CALL TRADE BULLISH 04/08/22 $108.00 $109.7K 338 217
DOCU PUT TRADE NEUTRAL 04/08/22 $105.00 $90.2K 385 550
DOCU CALL SWEEP BULLISH 01/20/23 $195.00 $87.5K 856 500
DOCU CALL SWEEP BULLISH 01/20/23 $195.00 $87.5K 856 250

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DOCU CALL TRADE BULLISH 01/19/24 $160.00 $507.0K 951 300
DOCU CALL TRADE BULLISH 04/08/22 $108.00 $109.7K 338 217
DOCU PUT TRADE NEUTRAL 04/08/22 $105.00 $90.2K 385 550
DOCU CALL SWEEP BULLISH 01/20/23 $195.00 $87.5K 856 500
DOCU CALL SWEEP BULLISH 01/20/23 $195.00 $87.5K 856 250

Where Is DocuSign Standing Right Now?

  • With a volume of 2,180,507, the price of DOCU is up 0.86% at $108.04.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 62 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.

Posted In: BZI-UOAOptionsMarkets