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Benzinga Insights

Looking At Doximity's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bullish stance on Doximity.

Looking at options history for Doximity (NYSE:DOCS) we detected 18 strange trades.

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

From the overall spotted trades, 6 are puts, for a total amount of $386,120 and 12, calls, for a total amount of $980,686.

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 $22.5 to $35.0 for Doximity over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Doximity options trades today is 480.62 with a total volume of 8,628.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Doximity's big money trades within a strike price range of $22.5 to $35.0 over the last 30 days.

Doximity Option Volume And Open Interest Over 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 BULLISH 11/18/22 $27.50 $271.5K 1.9K 192
DOCS PUT SWEEP BULLISH 01/19/24 $30.00 $137.7K 787 0
DOCS CALL SWEEP BULLISH 11/18/22 $27.50 $132.5K 1.9K 941
DOCS CALL SWEEP BEARISH 11/18/22 $27.50 $118.0K 1.9K 1.5K
DOCS CALL SWEEP BULLISH 11/18/22 $27.50 $102.6K 1.9K 1.1K

Where Is Doximity Standing Right Now?

  • With a volume of 11,295,751, the price of DOCS is up 23.4% at $32.49.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 88 days.

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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