Date: 9/1/2020

Company: Docusign Inc

Symbol: DOCU

Summary:

• Earnings Date: Set for 9/3
• Options Play: DOCU 9/4 $280 CALL
• Entry: $5.50

Suggested Strategy:

Open 2 or more positions prior to earnings.  Exit half of your positions at $23 to reduce or eliminate risk altogether.  Keep remaining position through earnings.  You may buy an O-O-M Put as insurance to cover CALL.

Order Details

• Action: Buy to Open
• Symbol: DOCU
• Quantity: 2 or more contracts
• Expiration: Sept 4
• Strike: 280
• Type: CALL
• Limit price: $5.50

Stock Target Price: $300 - $330

Total cost of trade: Min $1,100