High-rolling investors have positioned themselves bullish on MongoDB MDB, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MDB often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for MongoDB. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $58,380, and 9 calls, totaling $558,981.
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 $220.0 and $300.0 for MongoDB, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of MongoDB stands at 491.8, with a total volume reaching 1,362.00. 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 $220.0 to $300.0, throughout the last 30 days.
MongoDB 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | CALL | SWEEP | BEARISH | 07/19/24 | $10.45 | $8.9 | $8.9 | $250.00 | $155.7K | 1.3K | 311 |
| MDB | CALL | TRADE | BEARISH | 12/20/24 | $57.0 | $55.5 | $55.5 | $230.00 | $111.0K | 203 | 0 |
| MDB | CALL | SWEEP | BEARISH | 07/19/24 | $10.6 | $9.6 | $9.6 | $250.00 | $67.2K | 1.3K | 500 |
| MDB | PUT | TRADE | BULLISH | 01/17/25 | $21.55 | $20.85 | $20.85 | $220.00 | $58.3K | 448 | 0 |
| MDB | CALL | TRADE | BULLISH | 09/20/24 | $28.5 | $27.25 | $28.5 | $260.00 | $57.0K | 346 | 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.
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
- With a trading volume of 148,790, the price of MDB is down by -0.64%, reaching $256.62.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 43 days from now.
What Analysts Are Saying About MongoDB
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $350.0.
- Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on MongoDB with a target price of $300.
- Consistent in their evaluation, an analyst from Tigress Financial keeps a Buy rating on MongoDB with a target price of $400.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MongoDB options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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