Digital Ocean (DOCN) among top IV gainers with IV30 rising nearly 9% seeing buyers in November $50 calls 1550X and Dec. $55 calls 1390X and 2000 January $55 calls in scattered lots. DOCN has held up unusually well shaking off peer Software weakness consistently of late and working out of a big monthly base while trading cheap at 14X EBITDA and 5.5X EV/Sales, below its 20th percentile while short float elevated near 11%. DOCN showed last quarter its highest incremental ARR in nearly 3 years, 76 cloud migration wins, and significantly raised total revenue guidance. DOCN had a M&A mention on Betaville this week and M&A makes sense here, $3.9B market cap. DOCN still has the 6500 Feb. $50 calls bought in OI and 2K Dec. $47.5 calls. The August 2025 Form 8-K and Q2 earnings release focus on DigitalOcean’s continued AI infrastructure expansion and new partnerships (like AMD Developer Cloud and the Gradient AI platform), signaling organic growth priorities.