Deep-pocketed investors have adopted a bullish approach towards Datadog DDOG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DDOG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Datadog. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 36% bearish. Among these notable options, 4 are puts, totaling $169,980, and 7 are calls, amounting to $542,709.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $138.0 for Datadog, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Datadog options trades today is 1050.5 with a total volume of 1,868.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Datadog's big money trades within a strike price range of $105.0 to $138.0 over the last 30 days.
Datadog 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | SWEEP | BEARISH | 10/18/24 | $6.35 | $6.2 | $6.2 | $130.00 | $205.2K | 699 | 51 |
| DDOG | CALL | TRADE | BULLISH | 07/19/24 | $3.5 | $3.4 | $3.49 | $120.00 | $174.5K | 3.4K | 605 |
| DDOG | PUT | SWEEP | BULLISH | 08/16/24 | $6.85 | $6.8 | $6.85 | $115.00 | $59.5K | 458 | 34 |
| DDOG | CALL | TRADE | BULLISH | 03/21/25 | $18.25 | $17.0 | $18.15 | $120.00 | $54.4K | 37 | 60 |
| DDOG | PUT | SWEEP | BULLISH | 10/18/24 | $4.8 | $4.65 | $4.65 | $105.00 | $47.8K | 686 | 28 |
About Datadog
Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via 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 applications throughout their businesses.
In light of the recent options history for Datadog, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Datadog
- With a trading volume of 2,563,532, the price of DDOG is down by -1.92%, reaching $117.25.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 53 days from now.
Expert Opinions on Datadog
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $126.5.
- An analyst from Monness, Crespi, Hardt downgraded its action to Sell with a price target of $98.
- An analyst from B of A Securities upgraded its action to Buy with a price target of $155.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Datadog, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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