Options Alert: Whales Bet Against Doximity (NYSE:DOCS) - What Retail Investors Need to Know

07 March, 2025 | 3 Min Read

tickers: DOCS

tickers affected by this

ticker	polarity	why?
DOCS	positively	The recent options activity for DOCS, specifically the significant trading volumes and open interest between $55.0 and $80.0, suggests that large investors are strategically positioning themselves, which could indicate positive sentiment towards the stock. Additionally, the majority of analyst ratings lean towards neutral to bullish, with a consensus target price of $74.4, which is above the current trading price, further supporting the potential for an upward price movement

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summary

Behind the Scenes of Doximity’s Latest Options Trends

The exact nature of these investors remains a mystery, but such a major move in DOCS usually indicates foreknowledge of upcoming events. After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $55.0 and $80.0 for Doximity, spanning the last three months. Looking at the volume and open interest is an insightful way to conduct due diligence on a stock. This data can help you track the liquidity and interest for Doximity’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 Doximity’s whale activity within a strike price range from $55.0 to $80.0 in the last 30 days.

Biggest Options Spotted:

| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume | |–|-||–|–|–|–|-|–||–|–| | DOCS | CALL | TRADE | BEARISH | 01/16/26 | $10.5| $9.7| $10.0 | $80.00 | $100.0K | 27 | 0 | | DOCS | PUT | SWEEP | BEARISH | 04/17/25 | $2.65| $2.45| $2.65 | $60.00 | $79.0K | 200 | 1.1K | | DOCS | PUT | SWEEP | BEARISH | 05/16/25 | $17.9| $17.4| $17.81| $80.00 | $53.4K | 156 | 30 | | DOCS | PUT | SWEEP | BEARISH | 05/16/25 | $3.5 | $3.2 | $3.5 | $55.00 | $52.5K | 93 | 150 | | DOCS | PUT | TRADE | BEARISH | 04/17/25 | $2.55| $2.3 | $2.55 | $60.00 | $50.9K | 200 | 376 | Doximity Inc is a digital platform for U.S. medical professionals. Its cloud-based platform provides members with tools specifically built for medical professionals, enabling them to collaborate with their colleagues, securely coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers. In light of the recent options history for Doximity, it’s now appropriate to focus on the company itself. We aim to explore its current performance. Trading volume stands at 584,232, with DOCS’s price down by -0.7%, positioned at $65.5. RSI indicators show the stock to be may be oversold. Earnings announcement expected in 69 days. 5 market experts have recently issued ratings for this stock, with a consensus target price of $74.4.

An analyst from Goldman Sachs persists with their Neutral rating on Doximity, maintaining a target price of $80.
Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Doximity, targeting a price of $82.
Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Doximity with a target price of $65.
An analyst from Leerink Partners has elevated its stance to Outperform, setting a new price target at $90.
Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Doximity, targeting a price of $55.