Financial giants have made a conspicuous bullish move on Datadog. Our analysis of options history for Datadog DDOG revealed 16 unusual trades.
Delving into the details, we found 56% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $250,638, and 11 were calls, valued at $590,816.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $85.0 to $165.0 for Datadog during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Datadog's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Datadog's whale trades within a strike price range from $85.0 to $165.0 in the last 30 days.
Datadog Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | SWEEP | BEARISH | 01/16/26 | $85.00 | $126.4K | 20 | 224 |
| DDOG | CALL | SWEEP | BULLISH | 09/20/24 | $110.00 | $88.1K | 167 | 50 |
| DDOG | CALL | SWEEP | BULLISH | 03/15/24 | $135.00 | $84.6K | 2.8K | 179 |
| DDOG | CALL | TRADE | BEARISH | 03/15/24 | $140.00 | $76.1K | 2.1K | 546 |
| DDOG | CALL | TRADE | NEUTRAL | 06/21/24 | $145.00 | $71.2K | 793 | 8 |
About Datadog
Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered as software-as-a-service, allows a client to monitor and analyze its entire IT infrastructure. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of different applications throughout their businesses.
Where Is Datadog Standing Right Now?
- With a trading volume of 7,724,738, the price of DDOG is up by 1.04%, reaching $136.25.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 0 days from now.
Expert Opinions on Datadog
5 market experts have recently issued ratings for this stock, with a consensus target price of $141.0.
- An analyst from Wells Fargo persists with their Equal-Weight rating on Datadog, maintaining a target price of $130.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Datadog with a target price of $140.
- An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $140.
- Maintaining their stance, an analyst from Cantor Fitzgerald continues to hold a Overweight rating for Datadog, targeting a price of $145.
- An analyst from Citigroup has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $150.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Datadog options trades with real-time alerts from Benzinga Pro.
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