Looking At DocuSign's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish 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.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for DocuSign.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $974,054, and 3 are calls, for a total amount of $349,953.

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 $60.0 to $160.0 for DocuSign over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for DocuSign'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 DocuSign's whale activity within a strike price range from $60.0 to $160.0 in 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 PUT TRADE BULLISH 01/20/23 $82.50 $441.0K 68 200
DOCU CALL TRADE BEARISH 06/17/22 $65.00 $253.2K 506 207
DOCU PUT TRADE BEARISH 05/20/22 $75.00 $196.4K 1.2K 854
DOCU PUT TRADE BEARISH 01/19/24 $160.00 $90.2K 1.5K 10
DOCU PUT SWEEP BEARISH 05/20/22 $74.00 $81.4K 103 292

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DOCU PUT TRADE BULLISH 01/20/23 $82.50 $441.0K 68 200
DOCU CALL TRADE BEARISH 06/17/22 $65.00 $253.2K 506 207
DOCU PUT TRADE BEARISH 05/20/22 $75.00 $196.4K 1.2K 854
DOCU PUT TRADE BEARISH 01/19/24 $160.00 $90.2K 1.5K 10
DOCU PUT SWEEP BEARISH 05/20/22 $74.00 $81.4K 103 292

Where Is DocuSign Standing Right Now?

  • With a volume of 2,546,971, the price of DOCU is down -1.52% at $73.36.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 16 days.

What The Experts Say On DocuSign:

  • Wedbush downgraded its action to Underperform with a price target of $60

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets