Whales with a lot of money to spend have taken a noticeably bearish stance on MongoDB.
Looking at options history for MongoDB MDB we detected 25 trades.
If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $737,007 and 14, calls, for a total amount of $571,410.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $190.0 to $700.0 for MongoDB over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MongoDB's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MongoDB's substantial trades, within a strike price spectrum from $190.0 to $700.0 over the preceding 30 days.
MongoDB 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | BEARISH | 01/17/25 | $610.00 | $262.0K | 7 | 23 |
| MDB | PUT | SWEEP | NEUTRAL | 01/17/25 | $610.00 | $122.2K | 7 | 6 |
| MDB | CALL | TRADE | BULLISH | 05/17/24 | $490.00 | $80.9K | 24 | 0 |
| MDB | CALL | TRADE | BEARISH | 02/23/24 | $480.00 | $74.1K | 218 | 51 |
| MDB | PUT | SWEEP | BEARISH | 02/16/24 | $490.00 | $70.7K | 798 | 51 |
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.
Having examined the options trading patterns of MongoDB, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
MongoDB's Current Market Status
- Trading volume stands at 219,007, with MDB's price up by 0.55%, positioned at $489.2.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 20 days.
Expert Opinions on MongoDB
In the last month, 4 experts released ratings on this stock with an average target price of $470.75.
- An analyst from DA Davidson has revised its rating downward to Neutral, adjusting the price target to $405.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for MongoDB, targeting a price of $543.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $495.
- Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $440.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MongoDB with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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