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Spotlight on Datadog: Analyzing the Surge in Options Activity

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Whales with a lot of money to spend have taken a noticeably bullish stance on Datadog.

Looking at options history for Datadog DDOG we detected 21 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, 3 are puts, for a total amount of $93,635 and 18, calls, for a total amount of $1,080,079.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $145.0 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 $100.0 to $145.0 over the preceding 30 days.

Datadog Option Volume And Open Interest Over Last 30 Days

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Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DDOG CALL TRADE BULLISH 02/09/24 $135.00 $234.0K 1.7K 2.3K
DDOG CALL TRADE BULLISH 02/23/24 $129.00 $185.0K 212 200
DDOG CALL TRADE NEUTRAL 02/23/24 $134.00 $71.2K 49 12
DDOG CALL SWEEP BULLISH 06/21/24 $115.00 $57.2K 372 28
DDOG CALL SWEEP BEARISH 02/09/24 $137.00 $53.7K 842 458

About Datadog

Datadog is a cloud-native company that focuses on analyzing machine data. The firm’s product portfolio, delivered as 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 different 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

Current Position of Datadog

  • With a volume of 2,482,991, the price of DDOG is up 0.6% at $135.11.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 8 days.

What The Experts Say On Datadog

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $143.33333333333334.

  • Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Datadog with a target price of $150.
  • An analyst from Truist Securities has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $140.
  • An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $140.

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.

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