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 8 extraordinary options activities for Datadog. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 4 are puts, totaling $276,760, and 4 are calls, amounting to $217,820.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $160.0 for Datadog over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Datadog's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Datadog's substantial trades, within a strike price spectrum from $90.0 to $160.0 over the preceding 30 days.
Datadog 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | SWEEP | BEARISH | 03/21/25 | $5.75 | $5.7 | $5.75 | $90.00 | $161.5K | 93 | 0 |
| DDOG | CALL | TRADE | BULLISH | 04/26/24 | $3.4 | $3.3 | $3.4 | $133.00 | $119.0K | 112 | 350 |
| DDOG | PUT | SWEEP | BULLISH | 10/18/24 | $15.0 | $14.95 | $15.0 | $130.00 | $57.0K | 111 | 37 |
| DDOG | CALL | TRADE | BEARISH | 05/17/24 | $11.95 | $11.65 | $11.75 | $125.00 | $35.2K | 1.2K | 1 |
| DDOG | CALL | TRADE | BULLISH | 01/17/25 | $28.45 | $27.9 | $28.45 | $120.00 | $34.1K | 1.9K | 12 |
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
- With a volume of 1,510,859, the price of DDOG is down -0.29% at $130.42.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 20 days.
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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