Whales with a lot of money to spend have taken a noticeably bearish stance on Datadog.
Looking at options history for Datadog DDOG we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 9% of the investors opened trades with bullish expectations and 90% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $109,320 and 7, calls, for a total amount of $296,615.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $230.0 for Datadog, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Datadog's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Datadog's significant trades, within a strike price range of $70.0 to $230.0, over the past month.
Datadog 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | SWEEP | BEARISH | 12/15/23 | $110.00 | $66.6K | 1.3K | 134 |
| DDOG | CALL | TRADE | BEARISH | 01/17/25 | $120.00 | $54.9K | 682 | 291 |
| DDOG | CALL | TRADE | BEARISH | 01/17/25 | $120.00 | $43.6K | 682 | 352 |
| DDOG | CALL | TRADE | BEARISH | 01/17/25 | $120.00 | $38.6K | 682 | 112 |
| DDOG | CALL | TRADE | BEARISH | 01/17/25 | $120.00 | $35.3K | 682 | 168 |
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.
Datadog's Current Market Status
- With a trading volume of 2,431,836, the price of DDOG is up by 0.51%, reaching $100.5.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 98 days from now.
What Analysts Are Saying About Datadog
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $108.8.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Datadog with a target price of $110.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Datadog with a target price of $115.
- An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $115.
- Reflecting concerns, an analyst from Baird lowers its rating to Neutral with a new price target of $84.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Datadog, targeting a price of $120.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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