Big spenders with hefty pockets have shown a strikingly bearish stance regarding DoubleVerify Hldgs.
Reviewing the options history for DoubleVerify Hldgs DV, 18 trades were identified.
Delving into the specifics of each transaction reveals that 44% of investors initiated trades with bullish expectations, while 55% were bearish.
Among the identified trades, there were 9 puts totaling $828,062 and 9 calls totaling $401,521.
Price Prognosis
Scrutinizing the Volume and Open Interest in these contracts, notable market players seem to have set their sights on a price range between $35.0 and $40.0 for DoubleVerify Hldgs during the previous quarter.
Volume & Open Interest Trends
Evaluating the volume and open interest provides valuable insights into stock due diligence.
This data aids in monitoring the liquidity and interest in DoubleVerify Hldgs’s options across various strike prices.
The following charts the progression of volume and open interest for calls and puts related to all of DoubleVerify Hldgs’ prominent activity within the $35.0 to $40.0 strike price range over the last 30 days.
DoubleVerify Hldgs Option Activity Insight in the Last 30 Days
Identified Major Options Trades:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DV | PUT | TRADE | BEARISH | 03/15/24 | $40.00 | $270.0K | 12.7K | 7.5K |
| DV | PUT | TRADE | BEARISH | 03/15/24 | $35.00 | $181.9K | 1.8K | 6.9K |
| DV | PUT | SWEEP | BEARISH | 04/19/24 | $40.00 | $100.1K | 1.6K | 286 |
| DV | PUT | SWEEP | BULLISH | 03/15/24 | $40.00 | $75.7K | 12.7K | 2.9K |
| DV | CALL | SWEEP | BULLISH | 03/15/24 | $40.00 | $61.6K | 2.9K | 475 |
Insights on DoubleVerify Hldgs
DoubleVerify Holdings Inc stands as a digital media measurement and analytics software platform. Their Authentic Ad ensures precise delivery in a brand-safe setting, completely viewable, by a genuine individual, and within the expected region. The revenue generation model stems from charging advertisement clients a Measured Transaction Fee based on the volume of Media Transactions Measured on the software platform.
Following a comprehensive review of the options trading scene surrounding DoubleVerify Hldgs, the focus shifts to delve deeper into the company. This involves an assessment of its current market position and performance.
Current Market Status of DoubleVerify Hldgs
- With a volume of 3,013,938, DV’s price is currently down by -9.75%, settling at $37.5.
- RSI readings indicate the stock currently rests neutral, straddling the line between overbought and oversold.
- An upcoming earnings release is slated in 0 days.
Analyst Opinions on DoubleVerify Hldgs
Over the past month, 3 industry analysts have voiced their perspectives on this stock, suggesting an average target price of $47.33.
- RBC Capital’s analyst maintains an Outperform rating for DoubleVerify Hldgs, targeting a price of $49.
- Keybanc’s analyst also retains an Overweight rating on DoubleVerify Hldgs, with a price target of $48.
- Needham’s analyst has adjusted the rating to Buy, revising the price target to $45.
Options entail higher risk compared to straightforward stock trading, but they offer increased profit potential. Seasoned options players manage this risk by daily learning, strategically entering and exiting trades, monitoring multiple indicators, and keenly following market movements.
For the latest updates on DoubleVerify Hldgs’ options trades, consult Benzinga Pro for real-time options trade alerts.