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Someone with a lot of money to spend has taken a bearish stance on DocuSign (NASDAQ: DOCU).
And retailers should know that.
We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.
Whether it is an institution or just a wealthy individual, we don’t know. But when something this big happens with DOCU, it often means someone knows something is going to happen.
So how do we know what this whale just did?
Today, Benzinga’s options scanner spotted 12 uncommon options trades for DocuSign.
It’s not normal.
The general sentiment of these big traders is split between 41% bullish and 58% bearish.
Of all the special options we discovered, 6 are put options, totaling $912,773, and 6 are call options, totaling $288,031.
What is the target price?
Given the volume and open interest on these contracts, it appears whales have been targeting a price range of $110.0 to $250.0 for DocuSign over the past 3 months.
Development of volume and open interest
Reviewing volume and open interest is an insightful way to perform due diligence on a security.
This data can help you track the liquidity and interest of DocuSign options for a given strike price.
Below, we can see the evolution of Call and Stake volume and open interest, respectively, for all of DocuSign’s whale activity within a strike price range of $110.0. at $250.0 in the last 30 days.
DocuSign Options Volume and Open Interest in the Last 30 Days
The biggest options spotted:
| symbol | PUT/CALL | Kind of trade | Feeling | Exp. Dated | Strike price | Total trade price | open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DOCUMENT | TO PUT | TRADE | BULLISH | 01/19/24 | $130.00 | $353,100 | 348 | 110 |
| DOCUMENT | TO PUT | TRADE | BULLISH | 01/21/22 | $200.00 | $347.5,000 | 3.0K | 50 |
| DOCUMENT | TO CALL | TO SWEEP UP | BULLISH | 01/21/22 | $130.00 | $136,800 | 1.6K | 346 |
| DOCUMENT | TO PUT | TRADE | BEARISH | 03/18/22 | $220.00 | $89.6K | 1.6K | ten |
| DOCUMENT | TO PUT | TRADE | NEUTRAL | 02/18/22 | $250.00 | $71,100 | 28 | 0 |
Where is DocuSign right now?
- With a volume of 1,031,388, the DOCU price is up 2.61% to $130.3.
- RSI indicators suggest that the underlying stock may be oversold.
- The next results should be published in 49 days.
Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.
If you are already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to bolster your investing and trading strategy.
