Looking At DocuSign's Recent Unusual Options Activity

Looking At DocuSign's Recent Unusual Options Activity

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

Looking at options history for DocuSign DOCU we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $981,200 and 6, calls, for a total amount of $315,913.

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 $30.0 to $55.0 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 $30.0 to $55.0 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 SWEEP BEARISH 01/20/23 $55.00 $300.0K 2.8K 1.1K
DOCU PUT TRADE BULLISH 01/19/24 $30.00 $236.5K 723 554
DOCU CALL SWEEP BEARISH 12/16/22 $51.00 $130.0K 5.1K 1.1K
DOCU PUT SWEEP BEARISH 01/19/24 $55.00 $115.6K 786 68
DOCU PUT SWEEP BEARISH 01/20/23 $55.00 $77.0K 2.8K 1.2K

Where Is DocuSign Standing Right Now?

  • With a volume of 9,848,262, the price of DOCU is up 14.54% at $50.11.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 90 days.

What The Experts Say On DocuSign:

  • UBS has decided to maintain their Neutral rating on DocuSign, which currently sits at a price target of $52.
  • Baird has decided to maintain their Neutral rating on DocuSign, which currently sits at a price target of $50.
  • Citigroup has decided to maintain their Buy rating on DocuSign, which currently sits at a price target of $59.
  • Piper Sandler upgraded its action to Neutral with a price target of $50
  • Jefferies downgraded its action to Hold with a price target of $50

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 DocuSign, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets