Smart Money Is Betting Big In DOCU Options

Investors with a lot of money to spend have taken a bearish stance on DocuSign DOCU.

And retail traders should know.

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

Whether these are institutions or just wealthy individuals, 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 these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for DocuSign.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $53,132, and 6 are calls, for a total amount of $375,489.

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Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $52.5 to $59.0 for DocuSign during the past quarter.

Insights into Volume & Open Interest

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 $52.5 to $59.0 in the last 30 days.

DocuSign Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About DocuSign

DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.

In light of the recent options history for DocuSign, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of DocuSign

• Trading volume stands at 1,716,008, with DOCU's price down by 0.0%, positioned at $56.11.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 56 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for DocuSign with Benzinga Pro for real-time alerts.