Call Spread on DDOG on 10/12/2020

Datadog, Inc. (DDOG) provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally.

The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

Its platform also provides user experience and network performance monitoring, and various shared features, such as sophisticated dashboards, advanced analytics, collaboration tools, and alerting capabilities.

As the pandemic continues, demand for the company's products have grown as more employees work from home. This stock's recent upward momentum should continue to push its share price higher.

Trading a Call Spread on October 23

Last Trade: $111.79

Trading Range: $27.55 to $114.55

Trade Buy 1 October $110.00 Call at $6.03 Sell 1 October $120.00 Call at $2.25 For a net debit of $3.78 Profit/Loss Analysis Breakeven at $113.78 Maximum profit is $622.00 at strike of $120.00 Maximum loss is ($378.00) at strike of $110.00 Closing Summary Sold 1 October $110.00 Call at $5.00 Bought 1 October $120.00 Call at $0.00

Position closed on 10/16/2020 at price of $5.00 with a 32.28% gain in 4 days.

Updates

10/16/2020 10:50:48 AM

DDOG call option spread closed

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