Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 18 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $411,277, and 10 were calls, valued at $333,439.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $115.0 and $520.0 for MongoDB, spanning the last three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of MongoDB stands at 230.94, with a total volume reaching 676.00. 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 $115.0 to $520.0, throughout the last 30 days.
MongoDB Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | BEARISH | 01/17/25 | $287.95 | $282.7 | $285.93 | $520.00 | $142.9K | 8 | 0 |
| MDB | CALL | TRADE | BULLISH | 08/02/24 | $13.4 | $13.2 | $13.4 | $235.00 | $53.6K | 40 | 2 |
| MDB | PUT | SWEEP | BULLISH | 07/05/24 | $10.75 | $10.4 | $10.51 | $240.00 | $52.6K | 108 | 1 |
| MDB | PUT | TRADE | BULLISH | 07/05/24 | $10.75 | $10.45 | $10.46 | $240.00 | $52.3K | 108 | 1 |
| MDB | PUT | TRADE | BULLISH | 01/17/25 | $39.15 | $38.9 | $38.9 | $240.00 | $38.9K | 275 | 0 |
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?
- Trading volume stands at 1,768,749, with MDB's price up by 2.8%, positioned at $233.92.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 66 days.
Expert Opinions on MongoDB
In the last month, 5 experts released ratings on this stock with an average target price of $315.0.
- An analyst from Needham persists with their Buy rating on MongoDB, maintaining a target price of $290.
- Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for MongoDB, targeting a price of $380.
- Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on MongoDB with a target price of $305.
- Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on MongoDB with a target price of $250.
- An analyst from Citigroup has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $350.
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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