Deep-pocketed investors have adopted a bullish approach towards DocuSign DOCU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DOCU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for DocuSign. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 25% bearish. Among these notable options, 5 are puts, totaling $156,177, and 3 are calls, amounting to $162,600.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $62.5 for DocuSign over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for DocuSign options trades today is 392.5 with a total volume of 1,418.00.
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 $50.0 to $62.5 over the last 30 days.
DocuSign Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DOCU | CALL | TRADE | BULLISH | 06/21/24 | $5.6 | $5.3 | $5.6 | $52.50 | $112.0K | 1.8K | 200 |
| DOCU | PUT | SWEEP | BULLISH | 12/20/24 | $4.0 | $3.75 | $3.75 | $50.00 | $37.5K | 109 | 100 |
| DOCU | PUT | SWEEP | BULLISH | 06/07/24 | $1.38 | $1.34 | $1.37 | $53.00 | $35.5K | 212 | 319 |
| DOCU | PUT | TRADE | BEARISH | 12/20/24 | $10.0 | $9.85 | $10.0 | $62.50 | $30.0K | 19 | 30 |
| DOCU | PUT | SWEEP | BULLISH | 06/07/24 | $1.43 | $1.37 | $1.37 | $53.00 | $27.9K | 212 | 523 |
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.
Following our analysis of the options activities associated with DocuSign, we pivot to a closer look at the company's own performance.
Where Is DocuSign Standing Right Now?
- With a trading volume of 1,072,948, the price of DOCU is down by -4.7%, reaching $55.75.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 7 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
