Unpacking the Latest Options Trading Trends in Datadog

Investors with a lot of money to spend have taken a bullish stance on Datadog DDOG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DDOG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Datadog.

This isn't normal.

The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $115,470, and 5 are calls, for a total amount of $271,029.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $140.0 for Datadog during the past quarter.

Insights into 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 $105.0 to $140.0 in the last 30 days.

Datadog Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

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

Where Is Datadog Standing Right Now?

• Currently trading with a volume of 1,278,941, the DDOG's price is down by -0.64%, now at $122.1.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 55 days.

Expert Opinions on Datadog

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $153.6.

• An analyst from Needham has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $165.
• An analyst from Truist Securities persists with their Buy rating on Datadog, maintaining a target price of $155.
• An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $151.
• Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Datadog, targeting a price of $152.
• An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $145.

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.