Financial giants have made a conspicuous bearish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 16 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $508,740, and 4 were calls, valued at $152,105.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $320.0 to $430.0 for MongoDB over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 277.09 with a total volume of 397.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB's big money trades within a strike price range of $320.0 to $430.0 over the last 30 days.
MongoDB Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | NEUTRAL | 09/20/24 | $39.35 | $39.2 | $39.2 | $350.00 | $78.6K | 289 | 42 |
| MDB | PUT | SWEEP | BEARISH | 05/10/24 | $11.45 | $10.3 | $11.45 | $370.00 | $58.4K | 817 | 51 |
| MDB | CALL | SWEEP | BEARISH | 09/20/24 | $34.3 | $32.95 | $32.95 | $430.00 | $56.0K | 20 | 0 |
| MDB | PUT | SWEEP | BEARISH | 05/03/24 | $2.0 | $1.85 | $2.0 | $355.00 | $47.6K | 379 | 14 |
| MDB | PUT | TRADE | BULLISH | 06/21/24 | $20.25 | $20.0 | $20.0 | $340.00 | $44.0K | 709 | 24 |
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.
Current Position of MongoDB
- Currently trading with a volume of 326,076, the MDB's price is up by 1.77%, now at $371.64.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 29 days.
What The Experts Say On MongoDB
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $446.25.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for MongoDB, targeting a price of $440.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $465.
- Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $415.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $465.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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