This Is What Whales Are Betting On Datadog
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Datadog (NASDAQ:DDOG), with 75% of the spotted trades being bearish. The total amount for puts is $847,112 and for calls is $117,873. The targeted price range for Datadog over the last 3 months is from $60.0 to $125.0. The current price of DDOG is down -0.6% at $97.7.
July 05, 2023 | 3:03 pm
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A significant investor has taken a bearish stance on Datadog. The targeted price range for Datadog over the last 3 months is from $60.0 to $125.0. The current price of DDOG is down -0.6% at $97.7.
The bearish stance taken by a significant investor, along with the high volume of puts, indicates a potential downward pressure on Datadog's stock price in the short term. The targeted price range also suggests that the investor expects the price to fluctuate significantly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100