Financial giants have made a conspicuous bullish move on Datadog. Our analysis of options history for Datadog DDOG revealed 20 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $651,496, and 8 were calls, valued at $529,178.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $82.5 to $140.0 for Datadog during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Datadog's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Datadog's significant trades, within a strike price range of $82.5 to $140.0, over the past month.
Datadog Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | TRADE | NEUTRAL | 05/10/24 | $2.19 | $0.45 | $1.32 | $100.00 | $136.6K | 0 | 3.0K |
| DDOG | CALL | SWEEP | BULLISH | 09/20/24 | $20.8 | $20.65 | $20.8 | $115.00 | $122.7K | 739 | 21 |
| DDOG | CALL | TRADE | BULLISH | 12/20/24 | $20.25 | $20.1 | $20.25 | $125.00 | $91.1K | 217 | 46 |
| DDOG | CALL | SWEEP | BULLISH | 01/17/25 | $23.75 | $23.65 | $23.75 | $120.00 | $87.8K | 1.9K | 137 |
| DDOG | CALL | TRADE | BULLISH | 12/20/24 | $22.1 | $21.95 | $22.1 | $120.00 | $86.1K | 198 | 54 |
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.
Following our analysis of the options activities associated with Datadog, we pivot to a closer look at the company's own performance.
Where Is Datadog Standing Right Now?
- With a volume of 2,019,114, the price of DDOG is down -0.36% at $123.15.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 31 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.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting 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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