Datadog Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Datadog (NASDAQ:DDOG) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $70.0 to $100.0 for Datadog over the last 3 months. The price of DDOG is up 0.69% at $82.61, with next earnings expected to be released in 1 day.
November 06, 2023 | 6:15 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Datadog. The price of DDOG is up 0.69% at $82.61, with next earnings expected to be released in 1 day.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of DDOG to decrease. This could potentially lead to a short-term decrease in the stock price, especially with the earnings release in 1 day.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100