Benzinga | Dec 31, 2021 02:21PM EST

Check Out What Whales Are Doing With Datadog

Someone with a lot of money to spend has taken a bearish stance on Datadog (NASDAQ:DDOG).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DDOG, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 16 uncommon options trades for Datadog.

This isn't normal.

The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $314,646, and 10 are calls, for a total amount of $532,425.

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 $190.0 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 $190.0 in the last 30 days.

Datadog Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:



Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestDDOG CALL TRADE BEARISH 02/18/ $175.00 $219.6K 10.5K 120 22DDOG PUT SWEEP BULLISH 02/18/ $175.00 $88.9K 654 194 22DDOG PUT TRADE NEUTRAL 01/07/ $187.50 $82.4K 15 153 22DDOG PUT TRADE BULLISH 01/07/ $187.50 $63.7K 15 74 22DDOG CALL SWEEP NEUTRAL 04/14/ $185.00 $62.8K 183 32 22

Where Is Datadog Standing Right Now?

* With a volume of 648,686, the price of DDOG is down -0.3% at $178.39.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 41 days.

What The Experts Say On Datadog:

* JP Morgan downgraded its action to Underweight with a price target of $195

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.