Benzinga | Jan 14, 2022 02:24PM EST

DocuSign Whale Trades For January 14

A whale with a lot of money to spend has taken a noticeably bearish stance on DocuSign.

Looking at options history for DocuSign (NASDAQ:DOCU) we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $327,498 and 3, calls, for a total amount of $263,809.

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 $110.0 to $220.0 for DocuSign over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for DocuSign options trades today is 1667.17 with a total volume of 1,789.00.

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 $110.0 to $220.0 over the last 30 days.

DocuSign Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestDOCU CALL TRADE BULLISH 01/20/ $200.00 $157.0K 2.5K 208 23DOCU CALL TRADE BEARISH 03/18/ $140.00 $76.3K 1.5K 76 22DOCU PUT TRADE NEUTRAL 02/18/ $110.00 $58.2K 1.1K 287 22DOCU PUT SWEEP BEARISH 06/17/ $220.00 $55.6K 2.1K 47 22DOCU PUT TRADE BEARISH 06/17/ $220.00 $46.5K 2.1K 67 22

Where Is DocuSign Standing Right Now?

* With a volume of 1,832,589, the price of DOCU is down -1.92% at $128.09.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 55 days.

What The Experts Say On DocuSign:

* Morgan Stanley downgraded its action to Equal-Weight with a price target of $165

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.

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