Looking At Datadog's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Datadog (NASDAQ:DDOG), with 57% of recent unusual options activity being bearish. Of the 14 strange trades detected, 9 are puts totaling $1,160,133 and 5 are calls totaling $207,124. Whales have been targeting a price range of $80 to $120 for Datadog over the last 3 months.
May 30, 2023 | 5:04 pm
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A whale has taken a bearish stance on Datadog, with 57% of recent unusual options activity being bearish. Whales have been targeting a price range of $80 to $120 for Datadog over the last 3 months.
The bearish stance taken by a whale with a significant amount of money to spend indicates that there is a potential for Datadog's stock price to decrease in the short term. The fact that 57% of the unusual options activity is bearish and whales have been targeting a price range of $80 to $120 for Datadog over the last 3 months further supports this potential downward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100