Benzinga's options scanner has just identified more than 16 option transactions on MongoDB MDB, with a cumulative value of $645,170. Concurrently, our algorithms picked up 2 puts, worth a total of 53,021.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $360.0 to $390.0 for MongoDB during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for MongoDB's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MongoDB's whale trades within a strike price range from $360.0 to $390.0 in the last 30 days.
MongoDB Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | CALL | SWEEP | BULLISH | 04/19/24 | $390.00 | $118.8K | 1.3K | 65 |
| MDB | CALL | SWEEP | BULLISH | 04/19/24 | $390.00 | $60.1K | 1.3K | 22 |
| MDB | CALL | SWEEP | BULLISH | 04/19/24 | $390.00 | $50.0K | 1.3K | 234 |
| MDB | CALL | SWEEP | BULLISH | 04/19/24 | $390.00 | $49.9K | 1.3K | 162 |
| MDB | CALL | SWEEP | BULLISH | 04/19/24 | $390.00 | $46.4K | 1.3K | 112 |
About MongoDB
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
In light of the recent options history for MongoDB, it's now appropriate to focus on the company itself. We aim to explore its current performance.
MongoDB's Current Market Status
- Trading volume stands at 578,564, with MDB's price up by 1.35%, positioned at $405.8.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 48 days.
What Analysts Are Saying About MongoDB
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $452.5.
- An analyst from UBS downgraded its action to Neutral with a price target of $410.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $495.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for MongoDB, Benzinga Pro gives you real-time options trades alerts.
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