Financial giants have made a conspicuous bullish move on Datadog. Our analysis of options history for Datadog DDOG revealed 13 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 46% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $774,475, and 6 were calls, valued at $265,954.
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 $160.0 for Datadog during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Datadog's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Datadog's whale activity within a strike price range from $82.5 to $160.0 in 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | PUT | TRADE | BULLISH | 05/24/24 | $0.89 | $0.81 | $0.81 | $95.00 | $405.0K | 15 | 5.0K |
| DDOG | CALL | SWEEP | BEARISH | 05/03/24 | $23.25 | $21.6 | $21.6 | $103.00 | $92.8K | 0 | 43 |
| DDOG | PUT | SWEEP | BULLISH | 05/10/24 | $6.05 | $5.9 | $5.95 | $121.00 | $92.2K | 36 | 255 |
| DDOG | PUT | TRADE | BEARISH | 05/17/24 | $2.9 | $2.84 | $2.89 | $110.00 | $86.7K | 2.3K | 0 |
| DDOG | PUT | SWEEP | BEARISH | 03/21/25 | $7.0 | $6.85 | $7.0 | $90.00 | $72.8K | 375 | 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.
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
Datadog's Current Market Status
- With a trading volume of 1,702,704, the price of DDOG is down by -2.75%, reaching $123.57.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 12 days from now.
What Analysts Are Saying About Datadog
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $150.66666666666666.
- In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $150.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $150.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Datadog, targeting a price of $152.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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