High-rolling investors have positioned themselves bearish on Doximity DOCS, 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 DOCS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Doximity. This is not a typical pattern.
The sentiment among these major traders is split, with 18% bullish and 81% bearish. Among all the options we identified, there was one put, amounting to $40,990, and 10 calls, totaling $1,454,214.
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 $15.0 to $32.5 for Doximity over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Doximity's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Doximity's substantial trades, within a strike price spectrum from $15.0 to $32.5 over the preceding 30 days.
Doximity Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DOCS | CALL | TRADE | NEUTRAL | 01/17/25 | $20.00 | $302.4K | 1.2K | 2 |
| DOCS | CALL | TRADE | BEARISH | 01/17/25 | $20.00 | $296.0K | 1.2K | 800 |
| DOCS | CALL | SWEEP | BEARISH | 01/17/25 | $22.50 | $271.5K | 1.4K | 0 |
| DOCS | CALL | TRADE | BEARISH | 11/17/23 | $22.50 | $140.0K | 1.8K | 1.0K |
| DOCS | CALL | SWEEP | BEARISH | 01/17/25 | $22.50 | $121.9K | 1.4K | 891 |
About Doximity
Doximity Inc is a digital platform for U.S. medical professionals. Its cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers.
In light of the recent options history for Doximity, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Doximity
- Currently trading with a volume of 5,433,946, the DOCS's price is up by 19.46%, now at $24.49.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 90 days.
What The Experts Say On Doximity
1 market experts have recently issued ratings for this stock, with a consensus target price of $25.0.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Underweight rating on Doximity with a target price of $25.
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 Doximity, Benzinga Pro gives you real-time options trades alerts.
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