Deep-pocketed investors have adopted a bearish 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 9 extraordinary options activities for Datadog. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 22% leaning bullish and 33% bearish. Among these notable options, 3 are puts, totaling $517,816, and 6 are calls, amounting to $364,567.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $115.0 to $155.0 for Datadog over the last 3 months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Datadog options trades today is 815.88 with a total volume of 302.00.
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 $115.0 to $155.0 over the last 30 days.
Datadog Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | TRADE | BEARISH | 06/20/25 | $16.0 | $15.4 | $15.8 | $125.00 | $395.0K | 77 | 0 |
| DDOG | PUT | SWEEP | NEUTRAL | 01/17/25 | $7.4 | $7.2 | $7.36 | $115.00 | $91.8K | 484 | 0 |
| DDOG | CALL | SWEEP | NEUTRAL | 01/17/25 | $13.45 | $13.2 | $13.39 | $140.00 | $85.1K | 1.7K | 0 |
| DDOG | CALL | SWEEP | BULLISH | 10/18/24 | $6.4 | $6.35 | $6.35 | $145.00 | $85.1K | 172 | 58 |
| DDOG | CALL | SWEEP | BEARISH | 01/16/26 | $22.6 | $22.4 | $22.4 | $155.00 | $67.2K | 165 | 116 |
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.
After a thorough review of the options trading surrounding Datadog, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Datadog's Current Market Status
- Trading volume stands at 2,084,772, with DDOG's price up by 0.96%, positioned at $131.75.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 35 days.
What Analysts Are Saying About Datadog
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $139.33333333333334.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $155.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $165.
- Reflecting concerns, an analyst from Monness, Crespi, Hardt lowers its rating to Sell with a new price target of $98.
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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