Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $347,918, and 5 were calls, valued at $330,420.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $490.0 and $510.0 for MongoDB, spanning the last three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of MongoDB stands at 103.71, with a total volume reaching 1,170.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MongoDB, situated within the strike price corridor from $490.0 to $510.0, throughout the last 30 days.
MongoDB Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | CALL | TRADE | BEARISH | 03/01/24 | $500.00 | $104.9K | 155 | 51 |
| MDB | CALL | TRADE | NEUTRAL | 04/19/24 | $510.00 | $100.1K | 0 | 20 |
| MDB | PUT | SWEEP | BEARISH | 02/16/24 | $490.00 | $70.6K | 104 | 25 |
| MDB | PUT | SWEEP | BULLISH | 02/16/24 | $490.00 | $67.6K | 104 | 179 |
| MDB | PUT | SWEEP | BULLISH | 02/16/24 | $490.00 | $61.9K | 104 | 317 |
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.
Where Is MongoDB Standing Right Now?
- Currently trading with a volume of 39,863, the MDB's price is up by 0.42%, now at $503.0.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 23 days.
Expert Opinions on MongoDB
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $446.6666666666667.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $495.
- In a cautious move, an analyst from DA Davidson downgraded its rating to Neutral, setting a price target of $405.
- An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $440.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MongoDB options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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