Investors with a lot of money to spend have taken a bullish stance on MongoDB MDB.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MDB, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 26 uncommon options trades for MongoDB.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 42%, bearish.
Out of all of the special options we uncovered, 14 are puts, for a total amount of $583,965, and 12 are calls, for a total amount of $540,652.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $340.0 to $560.0 for MongoDB over the recent three months.
Analyzing Volume & Open Interest
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 $340.0 to $560.0 in the last 30 days.
MongoDB Option Activity Analysis: 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 | CALL | SWEEP | BEARISH | 06/21/24 | $36.45 | $35.95 | $36.0 | $350.00 | $111.6K | 374 | 22 |
| MDB | PUT | SWEEP | BEARISH | 05/17/24 | $2.85 | $2.84 | $2.85 | $350.00 | $71.2K | 689 | 262 |
| MDB | PUT | SWEEP | BEARISH | 05/17/24 | $4.65 | $4.25 | $4.5 | $355.00 | $66.6K | 213 | 253 |
| MDB | CALL | SWEEP | NEUTRAL | 06/21/24 | $6.8 | $6.5 | $6.66 | $450.00 | $65.1K | 596 | 100 |
| MDB | CALL | TRADE | BEARISH | 07/19/24 | $34.6 | $34.55 | $34.55 | $360.00 | $51.8K | 71 | 38 |
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.
Present Market Standing of MongoDB
- With a trading volume of 828,365, the price of MDB is up by 0.01%, reaching $359.27.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 16 days from now.
Expert Opinions on MongoDB
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $446.25.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for MongoDB, targeting a price of $440.
- Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $415.
- An analyst from Needham downgraded its action to Buy with a price target of $465.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $465.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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