Whales with a lot of money to spend have taken a noticeably bullish stance on Datadog.
Looking at options history for Datadog DDOG we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $293,903 and 5, calls, for a total amount of $532,615.
What's The Price Target?
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 $145.0 for Datadog, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Datadog options trades today is 1420.57 with a total volume of 729.00.
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 Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | TRADE | BULLISH | 01/17/25 | $120.00 | $276.7K | 1.0K | 0 |
| DDOG | PUT | TRADE | BULLISH | 01/17/25 | $105.00 | $138.3K | 910 | 172 |
| DDOG | CALL | TRADE | BULLISH | 01/17/25 | $120.00 | $135.0K | 1.0K | 175 |
| DDOG | PUT | SWEEP | BULLISH | 06/21/24 | $145.00 | $124.0K | 0 | 67 |
| DDOG | CALL | TRADE | BEARISH | 12/15/23 | $110.00 | $51.7K | 3.7K | 6 |
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.
Current Position of Datadog
- Trading volume stands at 2,172,960, with DDOG's price up by 0.03%, positioned at $118.11.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 71 days.
What The Experts Say On Datadog
In the last month, 5 experts released ratings on this stock with an average target price of $119.2.
- An analyst from Mizuho has revised its rating downward to Neutral, adjusting the price target to $108.
- An analyst from Scotiabank downgraded its action to Sector Outperform with a price target of $138.
- An analyst from Morgan Stanley persists with their Overweight rating on Datadog, maintaining a target price of $110.
- An analyst from Needham has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $125.
- An analyst from Raymond James has decided to maintain their Outperform rating on Datadog, which currently sits at a price target of $115.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Datadog with Benzinga Pro for real-time alerts.
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