Benzinga | Jan 7, 2022 03:15PM EST

This Is What Whales Are Betting On DocuSign

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 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $592,340 and 3, calls, for a total amount of $116,100.

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 $100.0 to $220.0 for DocuSign over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $100.0 to $220.0 in 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 PUT TRADE BULLISH 01/21/ $220.00 $150.4K 1.0K 18 22DOCU PUT TRADE BEARISH 03/18/ $125.00 $86.5K 1.1K 209 22DOCU PUT TRADE BULLISH 01/07/ $152.50 $86.3K 572 331 22DOCU PUT TRADE NEUTRAL 01/07/ $152.50 $86.3K 572 278 22DOCU PUT TRADE BEARISH 01/14/ $140.00 $52.0K 1.3K 296 22

Where Is DocuSign Standing Right Now?

* With a volume of 4,300,644, the price of DOCU is down -4.79% at $136.25.

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

* Next earnings are expected to be released in 62 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.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.