Financial giants have made a conspicuous bearish move on Datadog. Our analysis of options history for Datadog DDOG revealed 25 unusual trades.
Delving into the details, we found 24% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $1,164,673, and 12 were calls, valued at $647,577.
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 $70.0 to $165.0 for Datadog during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Datadog options trades today is 922.82 with a total volume of 5,068.00.
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 $165.0 over the last 30 days.
Datadog Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | TRADE | BULLISH | 01/16/26 | $21.6 | $20.8 | $20.85 | $110.00 | $521.2K | 399 | 250 |
| DDOG | CALL | TRADE | BEARISH | 01/16/26 | $20.15 | $17.5 | $17.8 | $135.00 | $178.0K | 266 | 100 |
| DDOG | PUT | TRADE | BEARISH | 03/21/25 | $8.7 | $8.25 | $8.6 | $95.00 | $124.7K | 177 | 145 |
| DDOG | CALL | SWEEP | BULLISH | 08/16/24 | $8.6 | $8.55 | $8.6 | $110.00 | $85.5K | 104 | 100 |
| DDOG | PUT | SWEEP | BULLISH | 07/19/24 | $5.35 | $5.3 | $5.3 | $110.00 | $81.6K | 4.6K | 180 |
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.
Where Is Datadog Standing Right Now?
- With a volume of 3,083,782, the price of DDOG is down -0.26% at $109.06.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 63 days.
Expert Opinions on Datadog
In the last month, 5 experts released ratings on this stock with an average target price of $150.0.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Datadog with a target price of $140.
- In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $155.
- An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $155.
- Showing optimism, an analyst from B of A Securities upgrades its rating to Buy with a revised price target of $155.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Datadog with a target price of $145.
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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
