Decoding DocuSign's Options Activity: What's the Big Picture?

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 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $153,118, and 4 are calls, for a total amount of $1,097,999.

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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 $32.5 to $410.0 for DocuSign during the past quarter.

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 $32.5 to $410.0 in the last 30 days.

DocuSign Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

Present Market Standing of DocuSign

• Trading volume stands at 1,766,094, with DOCU's price down by -0.65%, positioned at $45.69.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 3 days.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest DocuSign options trades with real-time alerts from Benzinga Pro.