Financial giants have made a conspicuous bearish move on Datadog. Our analysis of options history for Datadog DDOG revealed 21 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $522,398, and 15 were calls, valued at $1,398,525.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $130.0 for Datadog over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Datadog options trades today is 1524.91 with a total volume of 2,452.00.
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 $80.0 to $130.0 over the last 30 days.
Datadog Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | SWEEP | BULLISH | 01/19/24 | $125.00 | $443.7K | 6.0K | 183 |
| DDOG | PUT | SWEEP | BEARISH | 01/17/25 | $130.00 | $198.4K | 204 | 0 |
| DDOG | CALL | SWEEP | BULLISH | 03/15/24 | $120.00 | $155.8K | 1.5K | 4 |
| DDOG | CALL | SWEEP | BULLISH | 01/17/25 | $120.00 | $147.9K | 900 | 56 |
| DDOG | CALL | SWEEP | BULLISH | 01/17/25 | $120.00 | $136.6K | 900 | 1 |
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
Current Position of Datadog
- With a volume of 1,396,237, the price of DDOG is up 0.97% at $118.37.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 63 days.
Expert Opinions on Datadog
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $139.0.
- In a positive move, an analyst from Stifel has upgraded their rating to Buy and adjusted the price target to $140.
- In a cautious move, an analyst from Scotiabank downgraded its rating to Sector Outperform, setting a price target of $138.
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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