Datadog put volume heavy and directionally bearish
The Fly

Datadog put volume heavy and directionally bearish

Bearish flow noted in Datadog with 14,835 puts trading, or 4x expected. Most active are Feb-23 78 puts and Feb-23 85 puts, with total volume in those strikes near 9,700 contracts. The Put/Call Ratio is 2.47, while ATM IV is up over 1 point on the day. Earnings are expected on May 10th.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on DDOG:

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App