Unusual Call Option Activity Detected for Texas Instruments and Datadog

Texas Instruments (TXN) and Datadog (DDOG) experienced a notable surge in options trading activity on Thursday, indicating a rise in speculative interest from market participants. The volume spikes were concentrated in call options, which typically signal a bullish outlook on the underlying assets. For Texas Instruments, options volume reached 26,194 contracts, representing approximately 2.6 million underlying shares. This activity accounts for 43.7% of the company's average daily trading volume of 6 million shares over the past month. Traders showed particular interest in the $250 strike call options expiring on May 15, 2026, with 4,679 contracts changing hands. Datadog mirrored this trend with 20,583 contracts traded, equivalent to roughly 2.1 million underlying shares. Similar to TXN, this volume represents 43.7% of DDOG's average daily trading volume of 4.7 million shares. The most active contracts for Datadog were the $120 strike calls expiring May 15, 2026, which saw 1,018 contracts traded. While high options volume can precede price volatility, such activity often reflects targeted bets by institutional or retail traders on specific price targets. The concentration of volume in May 2026 expirations suggests that traders are positioning for upside movement over a short-to-medium term horizon.