High-rolling investors have positioned themselves bullish on DocuSign DOCU, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DOCU often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for DocuSign. This is not a typical pattern.
The sentiment among these major traders is split, with 46% bullish and 38% bearish. Among all the options we identified, there was one put, amounting to $44,400, and 12 calls, totaling $591,492.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $110.0 for DocuSign, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of DocuSign stands at 3361.57, with a total volume reaching 14,039.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in DocuSign, situated within the strike price corridor from $60.0 to $110.0, throughout the last 30 days.
DocuSign 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DOCU | CALL | SWEEP | BEARISH | 01/17/25 | $2.45 | $2.38 | $2.4 | $110.00 | $94.5K | 1.4K | 837 |
| DOCU | CALL | SWEEP | BULLISH | 01/17/25 | $3.65 | $3.45 | $3.51 | $100.00 | $71.7K | 16.0K | 2.6K |
| DOCU | CALL | SWEEP | NEUTRAL | 01/17/25 | $3.9 | $3.8 | $3.83 | $100.00 | $58.5K | 16.0K | 1.1K |
| DOCU | CALL | SWEEP | BULLISH | 01/17/25 | $6.05 | $5.8 | $6.0 | $100.00 | $56.3K | 16.0K | 305 |
| DOCU | CALL | TRADE | BULLISH | 01/17/25 | $5.45 | $5.2 | $5.4 | $100.00 | $54.0K | 16.0K | 805 |
About DocuSign
Docusign offers 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 initial public offering in May 2018.
Where Is DocuSign Standing Right Now?
- Currently trading with a volume of 4,755,635, the DOCU's price is down by -1.63%, now at $100.59.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 86 days.
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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.
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