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What Are Whales Doing With Datadog

A whale with a lot of money to spend has taken a noticeably bearish stance on Datadog. Looking at options history for Datadog (NASDAQ:DDOG) we detected 17 strange trades.

Benzinga · 06/09/2022 10:31

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

Looking at options history for Datadog (NASDAQ:DDOG) we detected 17 strange trades.

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

From the overall spotted trades, 3 are puts, for a total amount of $127,100 and 14, calls, for a total amount of $527,417.

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 $150.0 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 $150.0 in the last 30 days.

Datadog Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DDOG CALL SWEEP BULLISH 06/17/22 $100.00 $62.0K 5.2K 396
DDOG CALL SWEEP BULLISH 06/17/22 $100.00 $50.0K 5.2K 139
DDOG PUT TRADE BEARISH 01/19/24 $90.00 $42.5K 137 30
DDOG PUT TRADE BULLISH 01/19/24 $90.00 $42.3K 137 90
DDOG PUT TRADE BULLISH 01/19/24 $90.00 $42.3K 137 50

Where Is Datadog Standing Right Now?

  • With a volume of 849,838, the price of DDOG is up 1.71% at $109.19.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 56 days.

What The Experts Say On Datadog:

  • Jefferies has decided to maintain their Buy rating on Datadog, which currently sits at a price target of $125.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.