Whales with a lot of money to spend have taken a noticeably bearish stance on Datadog.
Looking at options history for Datadog DDOG we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $178,175 and 8, calls, for a total amount of $742,903.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $82.5 to $140.0 for Datadog over the last 3 months.
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 $82.5 to $140.0 in the last 30 days.
Datadog 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | SWEEP | BULLISH | 12/20/24 | $14.05 | $13.55 | $13.55 | $120.00 | $375.3K | 1.8K | 377 |
| DDOG | CALL | SWEEP | BULLISH | 12/20/24 | $13.75 | $13.55 | $13.75 | $120.00 | $133.3K | 1.8K | 400 |
| DDOG | CALL | TRADE | NEUTRAL | 12/20/24 | $13.55 | $13.35 | $13.45 | $120.00 | $64.5K | 1.8K | 92 |
| DDOG | PUT | SWEEP | BULLISH | 11/15/24 | $5.5 | $5.35 | $5.36 | $125.00 | $53.5K | 402 | 87 |
| DDOG | PUT | SWEEP | BEARISH | 11/15/24 | $3.8 | $3.7 | $3.7 | $120.00 | $41.8K | 1.2K | 1.0K |
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.
Datadog's Current Market Status
- Currently trading with a volume of 531,710, the DDOG's price is down by -2.0%, now at $126.54.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 21 days.
Professional Analyst Ratings for Datadog
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $145.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Showing optimism, an analyst from DA Davidson upgrades its rating to Buy with a revised price target of $140. * In a cautious move, an analyst from Exane BNP Paribas downgraded its rating to Outperform, setting a price target of $150.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Datadog with Benzinga Pro for real-time alerts.
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