Noteworthy Tuesday Option Activity: VST, DOCU, OUST

DocuSign (DOCU) and Ouster (OUST) are experiencing significantly elevated options trading volume, with approximately 49.7% and 48.4% of their respective average daily trading volumes represented in options contracts traded today. Notably, the DOCU $80 strike call option expiring June 20, 2025, and the OUST $20 strike call option expiring July 18, 2025, saw particularly high activity, suggesting targeted interest in these specific expiration dates and strike prices.

Analysis

Significant options market activity has been observed for DocuSign (DOCU) and Ouster (OUST), with current options volumes constituting a substantial portion of their typical daily stock trading. For DocuSign, 19,244 options contracts, equivalent to approximately 1.9 million underlying shares and 49.7% of its average daily share volume of 3.9 million shares, have been traded. Notably, the $80 strike call option expiring June 20, 2025, accounted for 3,124 of these contracts, representing about 312,400 underlying shares. Similarly, Ouster saw 9,855 options contracts traded, corresponding to approximately 985,500 underlying shares or 48.4% of its average daily volume of 2.0 million shares. Within this, the $20 strike call option expiring July 18, 2025, was particularly active, with 4,298 contracts traded, representing around 429,800 underlying shares. This concentration of activity in specific, long-dated call options for both companies suggests targeted market positioning, possibly reflecting expectations or hedging strategies related to these price levels over an extended timeframe, rather than immediate-term catalysts.

Key Decisions for Investors

• Investors should monitor the DOCU $80 call strike expiring June 20, 2025, and the OUST $20 call strike expiring July 18, 2025, as the heightened volume indicates these are key levels of interest for options traders.