Benzinga's options scanner has just identified more than 12 option transactions on Datadog DDOG, with a cumulative value of $318,835. Concurrently, our algorithms picked up 8 puts, worth a total of 1,440,453.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $92.5 to $125.0 for Datadog during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Datadog's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Datadog's whale activity within a strike price range from $92.5 to $125.0 in the last 30 days.
Datadog 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | TRADE | BEARISH | 04/19/24 | $100.00 | $1.2M | 160 | 2.5K |
| DDOG | CALL | SWEEP | BEARISH | 12/15/23 | $92.50 | $118.6K | 281 | 0 |
| DDOG | CALL | SWEEP | BULLISH | 04/19/24 | $125.00 | $45.5K | 1.0K | 91 |
| DDOG | PUT | TRADE | BULLISH | 01/17/25 | $97.50 | $37.2K | 743 | 91 |
| DDOG | PUT | TRADE | BULLISH | 01/17/25 | $97.50 | $35.0K | 743 | 124 |
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.
After a thorough review of the options trading surrounding Datadog, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Datadog's Current Market Status
- With a volume of 3,318,977, the price of DDOG is down -0.63% at $117.87.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 73 days.
What The Experts Say On Datadog
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $119.0.
- An analyst from JP Morgan upgraded its action to Overweight with a price target of $115.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Datadog, targeting a price of $120.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for Datadog, targeting a price of $115.
- Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on Datadog with a target price of $120.
- An analyst from Needham persists with their Buy rating on Datadog, maintaining a target price of $125.
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.
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