Datadog Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been observed for Datadog (NASDAQ:DDOG), with 70% of the investors opening trades with bearish expectations. The total amount for puts is $1,640,627 and for calls is $265,292. Whales have been targeting a price range from $55.0 to $170.0 for Datadog over the last 3 months. The current price of DDOG is down -7.58% at $106.24. Analysts have mixed opinions with price targets ranging from $100 to $140.
August 04, 2023 | 11:47 am
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NEGATIVE IMPACT
Datadog has seen a significant amount of bearish options activity, with the current price down -7.58% at $106.24. Analysts have mixed opinions with price targets ranging from $100 to $140.
The bearish options activity indicates that investors are expecting the price of Datadog to decrease. This, combined with the current price decrease of -7.58%, suggests a negative short-term impact on the stock. The mixed analyst ratings and price targets further add to the uncertainty around the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100