What Are Whales Doing With Datadog

What Are Whales Doing With Datadog

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 13 strange trades.

If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 38% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $644,312 and 3, calls, for a total amount of $143,282.

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 $65.0 to $200.0 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 $65.0 to $200.0 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 11/18/22 $140.00 $134.4K 2 31
DDOG PUT TRADE BULLISH 01/20/23 $65.00 $101.1K 1.1K 301
DDOG CALL SWEEP BEARISH 09/23/22 $100.00 $86.2K 742 232
DDOG PUT SWEEP BULLISH 10/21/22 $95.00 $65.2K 3.4K 277
DDOG PUT SWEEP NEUTRAL 10/21/22 $85.00 $65.1K 1.8K 472

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DDOG PUT TRADE BULLISH 11/18/22 $140.00 $134.4K 2 31
DDOG PUT TRADE BULLISH 01/20/23 $65.00 $101.1K 1.1K 301
DDOG CALL SWEEP BEARISH 09/23/22 $100.00 $86.2K 742 232
DDOG PUT SWEEP BULLISH 10/21/22 $95.00 $65.2K 3.4K 277
DDOG PUT SWEEP NEUTRAL 10/21/22 $85.00 $65.1K 1.8K 472

Where Is Datadog Standing Right Now?

  • With a volume of 3,852,749, the price of DDOG is down -0.55% at $96.5.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 49 days.

What The Experts Say On Datadog:

  • B of A Securities downgraded its action to Buy with a price target of $135

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