Investors with a lot of money to spend have taken a bearish stance on Datadog DDOG.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 8 options trades for Datadog.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,404, and 7, calls, for a total amount of $504,810.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $130.0 for Datadog, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $70.0 to $130.0 in the last 30 days.
Datadog Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | TRADE | NEUTRAL | 06/14/24 | $8.45 | $7.6 | $7.99 | $112.00 | $159.8K | 372 | 23 |
| DDOG | CALL | TRADE | BEARISH | 05/16/25 | $26.25 | $25.2 | $25.2 | $110.00 | $126.0K | 55 | 0 |
| DDOG | CALL | TRADE | NEUTRAL | 08/16/24 | $8.35 | $8.15 | $8.26 | $120.00 | $82.6K | 3.3K | 11 |
| DDOG | CALL | SWEEP | BULLISH | 07/19/24 | $4.25 | $3.3 | $3.92 | $120.00 | $37.7K | 3.3K | 0 |
| DDOG | CALL | SWEEP | BEARISH | 10/18/24 | $7.5 | $7.35 | $7.35 | $130.00 | $36.0K | 780 | 43 |
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
Present Market Standing of Datadog
- Trading volume stands at 1,464,959, with DDOG's price up by 3.47%, positioned at $118.89.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 55 days.
What The Experts Say On Datadog
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $160.0.
- An analyst from Needham downgraded its action to Buy with a price target of $165.
- Showing optimism, an analyst from B of A Securities upgrades its rating to Buy with a revised price target of $155.
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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