Speculating On DOCU Earnings
Stocks | Options | Speculation
NOTE: The options trade recommended in this blog is risky. You could lose all of your money. Only invest a small amount of money if you decided to take the trade.
Docusign (DOCU) – the leading esignature platform – reports earnings Thursday afternoon. The stock has been utterly destroyed as you can see in the chart above. DOCU set a low bar for the current quarter three months ago when it guided Billings to $584-$594 million and Revenue to $624-$628 million. If it an beat this guidance it could lead to a powerful relief rally Friday. I bought DOCU $56 Dec09 Calls for 70 cents. It will take a big move to get there – and the odds are against it – but the return will be spectacular if it does.