Docusign launches a PDF editor to streamline getting contracts signed
The product news is routine, while the money is more defensive, with standing put positions heavier than calls and no clear new bets on either side.
PRNewsWire · 10/08
Undercurrent · Money-flow snapshot
DOCU Max Pain, Dark Pool & Options Flow
DOCU max pain for the Oct 16, 2026 expiry is $65. The last price, $71.08, is 9.4% above it. Call wall $75 · put floor $62.50.
What the institutional money is doing on DOCU right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
30.0% (market avg 52%)
Dark pool volume vs its norm
0.6×
Short share of that
58.0% (norm 57%)
Price
$71.08
Max pain
$65
Oct 16 exp
Call wall
$75
Oct 16 exp
Put floor
$62.50
Oct 16 exp
Put/Call ratio
1.71
Squeeze pressure
10
Dark pool share: Off-exchange volume was quiet at 0.6× its norm
Off-exchange prints never touch the public book, so they move size without moving the quote. That is the point of using them. Large players were quiet in this name that day. The share (30.0%) may look normal, but the absolute size behind it was thin.
Source: FINRA · Fri 10/9 close
What it means: DOCU's money signals lean cautious: standing put positions outnumber calls, and off-exchange volume shows a quiet distribution pattern with the short share near its own norm. Recent traded volume leaned toward calls, so the picture is mixed rather than clearly directional.
News vs the money
An analyst calls DocuSign a strong growth stock
The positive rating sits against a defensive options setup, so the signals do not clearly agree.
Zacks Investment Research · 10/05
DocuSign and BTCS are compared as investments
This comparison adds little to the money picture, which stays defensively tilted with no new large positions.
Defense World · 10/04
DocuSign's CEO sells 26,250 shares under a pre-set plan
The sale was made under a pre-arranged plan and the options positioning is defensive, so the two point in similar cautious directions without a clear clash.
Defense World · 10/04
⚡ DIVERGENCEDocuSign shares are up 50.8% over three months
The strong price gain contrasts with defensive standing put positions, a mild divergence that suggests some caution among options traders despite the rally.
Zacks Investment Research · 09/29
See it live, free
Get Undercurrent — the news behind the money →Add DOCU to My Watchlist in the free SIGNUM HQ app (iPhone · Android) →New to this? Why'd It Move? turns today's move into a 60-second lesson →What is a “divergence”?
A divergence is when the news narrative and the institutional money flow point in opposite directions — a bearish headline while large call premium is bought, or heavy dark-pool selling under a bullish story. It signals the crowd and the desks may disagree.
How to read these numbers
Dark-pool volume — The share of trading executed off-exchange, at wholesalers and dark pools. About half of all US share volume prints there on an ordinary day, so the level by itself says almost nothing. What carries information is the distance from this name’s own recent norm, and whether the off-exchange size ran above its usual.
Off-exchange short share — How much of that off-exchange volume was sold short. The median across all listed names is about 49%, because wholesalers filling retail buy orders sell short and cover later. A reading near half is plumbing, not a bearish vote — compare it to the same name’s own 20-day norm.
Max pain — The price where the most options expire worthless — positioning often gravitates toward it near expiry.
Call wall / Put floor — Strikes with the heaviest call/put open interest — they often act as short-term resistance and support.
Put/Call ratio — Below ~0.7 leans bullish (more calls); above ~1 leans defensive (more puts).
Nearby tickers
Today’s off-exchange leaders → · See all tickers →Today’s rankings — what broke from normal
Learn the numbers