Deep-pocketed investors have adopted a bearish 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 22 extraordinary options activities for Datadog. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 27% leaning bullish and 72% bearish. Among these notable options, 11 are puts, totaling $664,935, and 11 are calls, amounting to $692,584.
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 $70.0 to $190.0 for Datadog during the past quarter.
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 $70.0 to $190.0 over the preceding 30 days.
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 | 01/16/26 | $16.7 | $16.25 | $16.3 | $180.00 | $161.3K | 164 | 99 |
| DDOG | CALL | TRADE | NEUTRAL | 06/21/24 | $51.8 | $50.5 | $51.1 | $70.00 | $153.3K | 97 | 0 |
| DDOG | PUT | SWEEP | NEUTRAL | 01/17/25 | $33.6 | $32.5 | $33.6 | $150.00 | $144.4K | 933 | 0 |
| DDOG | PUT | TRADE | BEARISH | 05/10/24 | $6.0 | $5.8 | $6.0 | $120.00 | $90.0K | 53 | 150 |
| DDOG | CALL | TRADE | BULLISH | 09/20/24 | $14.9 | $14.9 | $14.9 | $125.00 | $86.4K | 554 | 1 |
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.
After a thorough review of the options trading surrounding Datadog, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Datadog
- With a trading volume of 2,267,276, the price of DDOG is down by -3.56%, reaching $120.58.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 18 days from now.
What The Experts Say On 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.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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