Smart Money Is Betting Big In DDOG Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Datadog (NASDAQ:DDOG) through significant options activity. Benzinga's options scanner highlighted 17 extraordinary options activities, with 64% of the sentiment being bearish. The price window eyed by these investors ranges from $95.0 to $135.0. Datadog's stock is currently down 1.6% at $112.24.
August 09, 2024 | 6:02 pm
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Deep-pocketed investors are showing a bearish sentiment towards Datadog (NASDAQ:DDOG) through significant options activity. Benzinga's options scanner highlighted 17 extraordinary options activities, with 64% of the sentiment being bearish. The price window eyed by these investors ranges from $95.0 to $135.0. Datadog's stock is currently down 1.6% at $112.24.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential downward pressure on Datadog's stock price in the short term. The current price is already down 1.6%, and the majority of the options activity is bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100