Trade of the Week: Datadog

Options, Technology Stocks, Videos
by Jay Soloff
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Tech remains the most interesting sector when it comes to unusual options activity. Just recently, options traders were very active in Datadog (DDOG) options. DDOG is a software analytics company that just announced a big deal with Microsoft.

The stock jumped higher on the news, over 17% on the week of the announcement. So far, there has been plenty of bullish options activity to support the move, with both short-term call buying and medium-term put selling hitting the tape.

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
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