Datadog Whale Trades For August 16

Datadog Whale Trades For August 16

 

A whale with a lot of money to spend has taken a noticeably bullish stance on Datadog.

Looking at options history for Datadog DDOG we detected 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 52% of the investors opened trades with bullish expectations and 47% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $439,400 and 13, calls, for a total amount of $607,791.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $180.0 for Datadog over the last 3 months.

Volume & Open Interest Development

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 $90.0 to $180.0 in the last 30 days.

Datadog Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DDOG PUT TRADE BULLISH 10/21/22 $180.00 $135.2K 81 20
DDOG PUT TRADE NEUTRAL 11/18/22 $105.00 $107.6K 69 101
DDOG CALL TRADE BULLISH 08/19/22 $115.00 $102.6K 3.0K 979
DDOG CALL SWEEP BULLISH 09/16/22 $110.00 $86.9K 1.0K 129
DDOG CALL TRADE BEARISH 01/19/24 $100.00 $60.2K 462 20

Where Is Datadog Standing Right Now?

  • With a volume of 4,001,167, the price of DDOG is down -2.29% at $113.54.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 79 days.

What The Experts Say On Datadog:

  • Raymond James has decided to maintain their Outperform rating on Datadog, which currently sits at a price target of $140.
  • Citigroup has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $175.
  • Rosenblatt has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $146.
  • Barclays has decided to maintain their Overweight rating on Datadog, which currently sits at a price target of $130.
  • Bernstein downgraded its action to Outperform with a price target of $172

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.

Posted In: BZI-UOAOptionsMarkets