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 22 uncommon options trades for Datadog.
This isn't normal.
The overall sentiment of these big-money traders is split between 68% bullish and 31%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $850,190, and 19 are calls, for a total amount of $1,605,836.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $165.0 for Datadog over the recent three months.
Analyzing Volume & Open Interest
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 $100.0 to $165.0 in the last 30 days.
Datadog Option Volume And Open Interest Over 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 | PUT | TRADE | BULLISH | 08/02/24 | $1.71 | $1.31 | $1.46 | $105.00 | $664.3K | 28 | 0 |
| DDOG | CALL | SWEEP | BEARISH | 12/18/26 | $30.9 | $28.5 | $28.5 | $140.00 | $513.0K | 10 | 26 |
| DDOG | CALL | SWEEP | BULLISH | 12/18/26 | $27.95 | $25.35 | $25.35 | $150.00 | $182.5K | 7 | 0 |
| DDOG | CALL | TRADE | BULLISH | 12/18/26 | $23.95 | $23.45 | $23.95 | $155.00 | $119.7K | 0 | 0 |
| DDOG | CALL | TRADE | BULLISH | 12/18/26 | $26.9 | $24.75 | $26.9 | $145.00 | $118.3K | 0 | 63 |
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
- With a volume of 1,974,213, the price of DDOG is up 0.22% at $116.34.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 46 days.
Expert Opinions on Datadog
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $126.5.
- An analyst from Monness, Crespi, Hardt has revised its rating downward to Sell, adjusting the price target to $98.
- In a positive move, an analyst from B of A Securities has upgraded their rating to Buy and adjusted the price target to $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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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