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 46 extraordinary options activities for Datadog. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 28% leaning bullish and 56% bearish. Among these notable options, 17 are puts, totaling $655,792, and 29 are calls, amounting to $1,319,268.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $140.0 for Datadog over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $80.0 to $140.0 in the last 30 days.
Datadog Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DDOG | CALL | TRADE | BULLISH | 01/17/25 | $19.6 | $19.55 | $19.6 | $135.00 | $125.4K | 2.5K | 1 |
| DDOG | CALL | SWEEP | BEARISH | 05/03/24 | $2.65 | $2.61 | $2.61 | $128.00 | $78.3K | 366 | 2.6K |
| DDOG | CALL | TRADE | BULLISH | 07/19/24 | $14.0 | $13.95 | $14.0 | $125.00 | $77.0K | 1.0K | 55 |
| DDOG | CALL | SWEEP | BULLISH | 05/17/24 | $9.15 | $9.1 | $9.15 | $125.00 | $61.3K | 3.2K | 79 |
| DDOG | CALL | SWEEP | BEARISH | 05/03/24 | $3.15 | $3.1 | $3.1 | $130.00 | $58.6K | 2.0K | 94 |
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
- Trading volume stands at 3,193,394, with DDOG's price down by -2.77%, positioned at $125.5.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 7 days.
Professional Analyst Ratings for 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.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Datadog, targeting a price of $152.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $150.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Datadog options trades with real-time alerts from Benzinga Pro.
© 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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