Put Options on DDOG on 5/6/2024

Datadog, Inc. (DDOG) operates an observability and security platform for cloud applications in North America and internationally.

Downward Trading ChannelThe company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.

Datadog, Inc. was incorporated in 2010 and is headquartered in New York, New York.

We will be trading May 31st Put Options.

Last Trade: $124.91

Trading Range: $75.02 - $138.61

 

Trade

  • Buy 1 May $125.00 Put at $7.97
  • For a net debit of $7.97

Profit/Loss Analysis

  • Breakeven at $117.03
  • Maximum profit is unbounded
  • Maximum loss is ($797.00) at strike of $125.00

Closing Summary

  • Sold 1 May $125.00 Put at $11.50

Position closed on 5/29/2024 at price of $11.50 with a 44.29% gain in 23 days.

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