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 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $1,309,475 and 5, calls, for a total amount of $265,431.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $155.0 for Datadog over the recent three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Datadog stands at 690.33, with a total volume reaching 1,030.00. 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 $110.0 to $155.0, throughout 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 | 01/17/25 | $155.00 | $1.0M | 20 | 301 |
| DDOG | CALL | TRADE | BEARISH | 05/17/24 | $140.00 | $137.5K | 1.0K | 264 |
| DDOG | PUT | TRADE | BULLISH | 01/17/25 | $155.00 | $95.8K | 20 | 25 |
| DDOG | PUT | SWEEP | BULLISH | 03/15/24 | $135.00 | $84.7K | 892 | 76 |
| DDOG | PUT | SWEEP | BEARISH | 01/16/26 | $135.00 | $64.5K | 233 | 38 |
About Datadog
Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via 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 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.
Present Market Standing of Datadog
- With a volume of 1,902,652, the price of DDOG is up 2.48% at $126.59.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 57 days.
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 $143.4.
- Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Datadog with a target price of $130.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Datadog with a target price of $152.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Datadog with a target price of $155.
- An analyst from Canaccord Genuity downgraded its action to Buy with a price target of $150.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Datadog with a target price of $130.
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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