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 27 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $207,131 and 23, calls, for a total amount of $1,627,477.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $65.0 to $120.0 for Datadog over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Datadog stands at 2030.08, with a total volume reaching 34,994.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Datadog, situated within the strike price corridor from $65.0 to $120.0, throughout the last 30 days.
Datadog Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | SWEEP | NEUTRAL | 11/17/23 | $90.00 | $722.5K | 2.3K | 15 |
| DDOG | CALL | SWEEP | BEARISH | 11/17/23 | $105.00 | $99.2K | 3.0K | 8.0K |
| DDOG | CALL | TRADE | BULLISH | 12/15/23 | $100.00 | $77.4K | 1.4K | 50 |
| DDOG | CALL | TRADE | NEUTRAL | 01/17/25 | $120.00 | $63.7K | 1.0K | 95 |
| DDOG | PUT | SWEEP | BULLISH | 06/21/24 | $85.00 | $61.6K | 3.1K | 0 |
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.
Having examined the options trading patterns of Datadog, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Datadog Standing Right Now?
- Trading volume stands at 3,377,779, with DDOG's price up by 1.02%, positioned at $104.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 94 days.
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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