High-rolling investors have positioned themselves bearish 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 9 options trades for Datadog. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $33,440, and 8 calls, totaling $530,842.
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 $127.0 and $131.0 for Datadog, spanning the last three months.
Insights into Volume & Open Interest
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 $127.0 to $131.0, over the past month.
Datadog Option Volume And Open Interest Over Last 30 Days
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 | 05/17/24 | $7.05 | $6.95 | $7.01 | $130.00 | $153.7K | 1.8K | 680 |
| DDOG | CALL | SWEEP | BEARISH | 05/17/24 | $7.1 | $6.95 | $7.01 | $130.00 | $84.0K | 1.8K | 9 |
| DDOG | CALL | TRADE | BEARISH | 05/17/24 | $7.1 | $6.95 | $7.01 | $130.00 | $70.1K | 1.8K | 9 |
| DDOG | CALL | SWEEP | BEARISH | 05/17/24 | $7.1 | $6.95 | $6.99 | $130.00 | $54.6K | 1.8K | 380 |
| DDOG | CALL | SWEEP | BEARISH | 05/10/24 | $6.75 | $6.3 | $6.6 | $131.00 | $52.1K | 31 | 0 |
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.
Present Market Standing of Datadog
- With a trading volume of 885,419, the price of DDOG is down by -0.12%, reaching $126.8.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 20 days from now.
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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