Investors with a lot of money to spend have taken a bullish stance on Monday.Com MNDY.
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 MNDY, 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 9 uncommon options trades for Monday.Com.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $118,430, and 7 are calls, for a total amount of $609,165.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $320.0 for Monday.Com over the recent three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Monday.Com'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 Monday.Com's whale trades within a strike price range from $155.0 to $320.0 in the last 30 days.
Monday.Com 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MNDY | CALL | SWEEP | BULLISH | 02/21/25 | $33.7 | $31.8 | $33.0 | $270.00 | $161.7K | 18 | 49 |
| MNDY | CALL | SWEEP | BULLISH | 01/17/25 | $11.8 | $11.5 | $11.5 | $320.00 | $138.0K | 474 | 122 |
| MNDY | CALL | SWEEP | BEARISH | 01/17/25 | $65.4 | $63.0 | $63.0 | $210.00 | $94.4K | 200 | 15 |
| MNDY | CALL | SWEEP | BULLISH | 08/16/24 | $27.0 | $24.8 | $27.0 | $235.00 | $81.0K | 159 | 30 |
| MNDY | PUT | TRADE | BEARISH | 02/21/25 | $11.2 | $9.0 | $11.0 | $210.00 | $64.9K | 94 | 59 |
About Monday.Com
Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service, or SaaS model. The firm's solutions offer flexible and highly customizable tools to digitize business processes across countless use cases. Monday's offering supports workflow management across departments, real-time visibility and accountability, and automation capabilities. Monday also offers prepackaged CRM and DevOps management solutions, in addition to standalone survey and digital whiteboard tools. As of 2023, Monday served over 225,000 customers in more than 200 countries.
Following our analysis of the options activities associated with Monday.Com, we pivot to a closer look at the company's own performance.
Current Position of Monday.Com
- Trading volume stands at 299,757, with MNDY's price down by -1.14%, positioned at $257.82.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 87 days.
What Analysts Are Saying About Monday.Com
5 market experts have recently issued ratings for this stock, with a consensus target price of $294.0.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Monday.Com with a target price of $280.
- An analyst from Baird has revised its rating downward to Neutral, adjusting the price target to $250.
- In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $300.
- An analyst from TD Cowen persists with their Buy rating on Monday.Com, maintaining a target price of $300.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Monday.Com with a target price of $340.
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 Monday.Com with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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