A whale with a lot of money to spend has taken a noticeably bearish 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 46% of the investors opened trades with bullish expectations and 53% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $425,865 and 6, calls, for a total amount of $205,830.
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 $80.0 to $155.0 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…