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

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.

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