Datadog Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bullish stance on Datadog DDOG.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DDOG, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 28 uncommon options trades for Datadog.

This isn't normal.

The overall sentiment of these big-money traders is split between 71% bullish and 21%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $486,106, and 21 are calls, for a total amount of $1,444,859.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $175.0 for Datadog over the recent three months.

Volume & Open Interest Trends

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 $105.0 to $175.0 over the preceding 30 days.

Datadog Option Volume And Open Interest Over 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 PUT TRADE BULLISH 06/21/24 $4.4 $4.3 $4.3 $115.00 $215.0K 1.1K 126
DDOG CALL SWEEP BULLISH 09/20/24 $10.9 $10.75 $10.85 $120.00 $166.7K 1.0K 775
DDOG CALL SWEEP BEARISH 06/20/25 $8.15 $7.9 $7.95 $175.00 $150.2K 5 0
DDOG CALL SWEEP BULLISH 09/20/24 $8.85 $8.75 $8.85 $125.00 $131.7K 478 770
DDOG CALL SWEEP BULLISH 09/20/24 $11.65 $11.5 $11.65 $120.00 $129.3K 1.0K 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.

Current Position of Datadog

  • With a volume of 2,345,951, the price of DDOG is up 0.87% at $118.3.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 89 days.

Expert Opinions on Datadog

5 market experts have recently issued ratings for this stock, with a consensus target price of $153.0.

  • 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 Wedbush downgraded its action to Outperform with a price target of $155.
  • An analyst from Wedbush downgraded its action to Outperform with a price target of $155.
  • Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Datadog, targeting a price of $140.
  • Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $165.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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