Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 32 unusual trades.
Delving into the details, we found 56% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 20 were puts, with a value of $1,067,663, and 12 were calls, valued at $601,590.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $337.5 to $460.0 for MongoDB during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $337.5 to $460.0 in the last 30 days.
MongoDB Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | BULLISH | 09/20/24 | $43.2 | $43.15 | $43.2 | $350.00 | $142.5K | 179 | 47 |
| MDB | CALL | SWEEP | BULLISH | 04/19/24 | $12.3 | $11.95 | $12.3 | $360.00 | $123.0K | 210 | 26 |
| MDB | PUT | SWEEP | BULLISH | 12/20/24 | $84.4 | $83.95 | $83.95 | $400.00 | $109.1K | 98 | 16 |
| MDB | CALL | TRADE | BULLISH | 06/21/24 | $10.25 | $9.9 | $10.13 | $450.00 | $101.3K | 268 | 3 |
| MDB | PUT | TRADE | BEARISH | 04/05/24 | $3.4 | $3.3 | $3.4 | $350.00 | $84.6K | 215 | 570 |
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.
Following our analysis of the options activities associated with MongoDB, we pivot to a closer look at the company's own performance.
Current Position of MongoDB
- Currently trading with a volume of 916,682, the MDB's price is down by -0.71%, now at $356.09.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 59 days.
Professional Analyst Ratings for MongoDB
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $410.4.
- Consistent in their evaluation, an analyst from Guggenheim keeps a Sell rating on MongoDB with a target price of $272.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $475.
- In a positive move, an analyst from DA Davidson has upgraded their rating to Buy and adjusted the price target to $430.
- An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $440.
- An analyst from Stifel has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $435.
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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