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Tech Infrastructure Play with Bullish Call Open Interest Unphased by Market Selloff

Tech Infrastructure Play with Bullish Call Open Interest Unphased by Market Selloff

by | Sep 8, 2024 | Open Interest Alerts

Dynatrace (DT) a Tech name that held real strong last week in an ugly tape and size Sep. $42.5, $47.5, Nov. $47.5 amd Nov. and Jan. $52.5 call buys remain in OI. Dynatrace, Inc. provides a security platform for multi cloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation. DT has low short interest at just 1.55% of the float. The $15B company trades 34X Earnings, 8.2X EV/Sales and 32.9X FCF with revenues seen rising 15-20% annually the next few years. DT posted 20% ARR growth in Q1 which is solid in a seasonally weaker quarter.