They also directly broke Levine's second rule of insider trading.

2. Don’t do it by buying short-dated out-of-the-money call options on merger targets [0]

[0]: lawsofinsidertrading.com

Which every time he invoked said law, he also backs off and says it's probably gambling or automated hedging, or in the original case, a failed "broken wing iron condor straddle" going the opposite direction

Yeah I would have thought they should have bought Datadog stock instead... but actually DDOG is down. I'd make a poor trader.

Cisco offered to buy ddog the night before the ipo. Thankfully ddog said no.