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 12 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $155,416 and 10, calls, for a total amount of $571,869.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $145.0 for Datadog over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Datadog options trades today is 1371.33 with a total volume of 3,013.00.
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 $70.0 to $145.0 over the last 30 days.
Datadog 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | SWEEP | NEUTRAL | 06/21/24 | $115.00 | $122.6K | 266 | 16 |
| DDOG | CALL | TRADE | NEUTRAL | 11/24/23 | $90.00 | $109.2K | 154 | 60 |
| DDOG | CALL | SWEEP | BEARISH | 01/19/24 | $125.00 | $101.0K | 4.8K | 765 |
| DDOG | CALL | SWEEP | BULLISH | 06/21/24 | $130.00 | $76.5K | 603 | 25 |
| DDOG | CALL | SWEEP | BEARISH | 01/19/24 | $125.00 | $71.6K | 4.8K | 810 |
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.
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.
Current Position of Datadog
- With a trading volume of 1,998,975, the price of DDOG is up by 1.61%, reaching $111.31.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 87 days from now.
Professional Analyst Ratings for Datadog
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $107.8.
- Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Datadog, targeting a price of $125.
- An analyst from Baird has revised its rating downward to Neutral, adjusting the price target to $84.
- In a cautious move, an analyst from Wells Fargo downgraded its rating to Equal-Weight, setting a price target of $95.
- An analyst from Truist Securities has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $120.
- An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $115.
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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