Deep-pocketed investors have adopted a bullish approach towards Datadog DDOG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DDOG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Datadog. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 68% leaning bullish and 31% bearish. Among these notable options, 10 are puts, totaling $529,874, and 6 are calls, amounting to $310,705.
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 $82.5 and $150.0 for Datadog, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Datadog stands at 347.27, with a total volume reaching 1,448.00. 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 $82.5 to $150.0, throughout the last 30 days.
Datadog Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | SWEEP | BEARISH | 01/16/26 | $100.00 | $122.3K | 130 | 223 |
| DDOG | PUT | SWEEP | BEARISH | 01/16/26 | $100.00 | $93.0K | 130 | 97 |
| DDOG | CALL | SWEEP | BEARISH | 09/20/24 | $125.00 | $92.7K | 597 | 61 |
| DDOG | CALL | TRADE | BULLISH | 01/16/26 | $130.00 | $78.7K | 106 | 25 |
| DDOG | PUT | SWEEP | BULLISH | 01/16/26 | $100.00 | $76.5K | 130 | 371 |
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
Where Is Datadog Standing Right Now?
- With a volume of 532,384, the price of DDOG is down -0.54% at $122.36.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 38 days.
What Analysts Are Saying About Datadog
1 market experts have recently issued ratings for this stock, with a consensus target price of $150.0.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $150.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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