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Danny Naz reports that DDOG is experiencing aggressive in-the-money call flow on the 210 strike contracts expiring June 12, with $4.7 million in premium involved.
He explains that ITM (in-the-money) options have a strike price below the current stock price, giving these contracts real intrinsic value.
Naz has tracked notable options activity in recent weeks. He previously reported that TSLA 435C call options for June 5 moved into the money after hours. In another update, he highlighted continuing strength in monthly charts for SPY, QQQ, and IWM.