Behind the Scenes of MongoDB's Latest Options Trends

Whales with a lot of money to spend have taken a noticeably bullish stance on MongoDB.

Looking at options history for MongoDB MDB we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $332,760 and 6, calls, for a total amount of $350,033.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $170.0 to $250.0 for MongoDB over the last 3 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 $170.0 to $250.0 in the last 30 days.

MongoDB Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About MongoDB

Founded in 2007, MongoDB is a document-oriented database. 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.

MongoDB's Current Market Status

• Currently trading with a volume of 430,858, the MDB's price is up by 3.37%, now at $199.03.
• RSI readings suggest the stock is currently may be approaching oversold.
• Anticipated earnings release is in 66 days.

Professional Analyst Ratings for MongoDB

In the last month, 5 experts released ratings on this stock with an average target price of $302.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for MongoDB, targeting a price of $240. * Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for MongoDB, targeting a price of $320. * An analyst from Truist Securities has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $300. * Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for MongoDB, targeting a price of $300. * An analyst from Rosenblatt persists with their Buy rating on MongoDB, maintaining a target price of $350.

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