DDOG wheel: cash-secured put & covered-call yields
Datadog, Inc. Class A Common Stock · Technology · $268.70 close on Sep 28, 2026
What the Sep 28, 2026 close says about DDOG
At 58.6% implied volatility, the options market is pricing a one-standard-deviation move of about $46.64 (17.4%) in DDOG by Oct 30, 2026, 32 days out.
Selling the $250 put (−0.29Δ) for $9.50 means assignment would leave a cost basis of $240.50, 10.5% below the $268.70 close.
The 81-day 0.30Δ put pays 2.3× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.297 vs $0.268).
At 0.30Δ on the Oct 30 expiry the put yields 3.80% on its strike and the call 3.13% on spot: puts pay 1.2× what calls do on DDOG this session.
Moving down to the $240 put (−0.21Δ) buys 3.7% more room below spot and keeps 66% of the 0.30Δ premium.
Open interest in the stored window totals 10,512 contracts; the largest single line is the $270 call expiring Dec 18 with 1,237 (11.8% of the window).
By options volume DDOG ranks #226 of 441 names in our universe.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on DDOG
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $250 | −0.29 | $9.50 Sep 28 | $950.00 | $25,000 | 3.80% | 43.3% | $240.50 | 16 | 25 |
| 0.20Δ | $240 | −0.21 | $6.23 Sep 28 | $623.00 | $24,000 | 2.60% | 29.6% | $233.77 | 13 | 13 |
Snapshot #107 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $250 | −0.34 | $21.70 Sep 28 | $2,170.00 | $25,000 | 8.68% | 39.1% | $228.30 | 323 | 5 |
| 0.20Δ | $220 | −0.21 | $10.60 Sep 28 | $1,060.00 | $22,000 | 4.82% | 21.7% | $209.40 | 193 | 13 |
Snapshot #107 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on DDOG
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $300 | 0.30 | $8.41 Sep 28 | $841.00 | 3.13% | 35.7% | 14.78% | 168.6% | 44 | 5 |
| 0.20Δ | $320 | 0.19 | $4.72 Sep 28 | $472.00 | 1.76% | 20.0% | 20.85% | 237.8% | 22 | 5 |
Snapshot #107 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $330 | 0.31 | $15.19 Sep 28 | $1,519.00 | 5.65% | 25.5% | 28.47% | 128.3% | 456 | 47 |
| 0.20Δ | $360 | 0.22 | $8.90 Sep 28 | $890.00 | 3.31% | 14.9% | 37.29% | 168.0% | 31 | 1 |
Snapshot #107 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
DDOG volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 58.6%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 10,512 contractssession 2026-09-28
- Largest open-interest line
- $270 call · Dec 18 · 1,237
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #226 of 441 optionable names by options volume
How these numbers are made
One end-of-day snapshot per session from a 15-minute-delayed feed. A premium is a contract’s last trade, used only if it printed that session, sits above intrinsic value and is in order with its neighbours; deltas are the feed’s own. Expiries are the first at least 30 and 60 days out, and nothing under 30 days is annualized. Not investment advice. Full methodology.
- We are building our own daily implied-volatility history (1 of 252 sessions so far); IV rank and percentile need a full year of it.
- Our data provider does not license announced earnings dates, and we do not publish estimates.
- Our data feed carries last trades, not live bid/ask quotes, so we cannot show a spread.