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Barchart
Barchart
Will Ashworth

Dynatrace’s Unusual Options Activity Screams Strangle. Short or Long?

As I write this Thursday, minutes before the markets open, today’s action will be slightly brighter than yesterday. The Dow lost 1,100 points (2.7%), its 10th consecutive down day, the worst streak for the index since the 1970s. 

Whatever today brings, I couldn’t help but notice Dynatrace (DT) had two unusually active options in yesterday’s trading. The software provider for application performance management has not had a good year in the markets. Its shares are up just 1.4%, considerably less than the 28% gain for the Nasdaq 100.

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