High-rolling investors have positioned themselves bullish on Datadog DDOG, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DDOG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 11 options trades for Datadog. This is not a typical pattern.
The sentiment among these major traders is split, with 54% bullish and 27% bearish. Among all the options we identified, there was one put, amounting to $93,600, and 10 calls, totaling $658,431.
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 $120.0 to $185.0 for Datadog during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Datadog stands at 886.38, with a total volume reaching 1,945.00. 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 $120.0 to $185.0, throughout the last 30 days.
Datadog Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | SWEEP | BEARISH | 01/15/27 | $19.75 | $18.75 | $19.75 | $180.00 | $144.1K | 1 | 73 |
| DDOG | CALL | TRADE | BULLISH | 01/15/27 | $28.4 | $27.5 | $28.4 | $150.00 | $124.9K | 40 | 100 |
| DDOG | PUT | TRADE | BEARISH | 05/16/25 | $18.2 | $17.6 | $18.0 | $135.00 | $93.6K | 2 | 52 |
| DDOG | CALL | SWEEP | NEUTRAL | 12/20/24 | $3.05 | $2.86 | $2.94 | $150.00 | $82.3K | 2.1K | 284 |
| DDOG | CALL | TRADE | BULLISH | 05/16/25 | $3.2 | $2.9 | $3.2 | $185.00 | $76.4K | 19 | 239 |
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.
Current Position of Datadog
- Trading volume stands at 900,199, with DDOG's price up by 2.82%, positioned at $128.69.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 26 days.
Professional Analyst Ratings for Datadog
In the last month, 2 experts released ratings on this stock with an average target price of $145.0.
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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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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