Bearish flow noted in DigitalOcean (DOCN) Holdings with 1,801 puts trading, or 2x expected. Most active are 12/5 weekly 43 puts and Jan-26 47.5 calls, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 2.51, while ATM IV is up over 1 point on the day. Earnings are expected on February 25th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCN:
- DigitalOcean’s CTO Bratin Saha Resigns Amid Stability
- DigitalOcean Chief Product and Technology Officer Saha resigns
- DigitalOcean Holdings call volume above normal and directionally bullish
- Coinbase upgraded, Six Flags downgraded: Wall Street’s top analyst calls
- Oppenheimer bullish DigitalOcean, initiates with an Outperform
