Unpacking the Latest Options Trading Trends in MongoDB

Deep-pocketed investors have adopted a bearish approach towards MongoDB MDB, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MDB usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for MongoDB. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 36% leaning bullish and 47% bearish. Among these notable options, 14 are puts, totaling $578,618, and 5 are calls, amounting to $339,205.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $400.0 for MongoDB during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MongoDB's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MongoDB's significant trades, within a strike price range of $110.0 to $400.0, over the past month.

MongoDB Call and Put Volume: 30-Day Overview

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.

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.

Present Market Standing of MongoDB

• With a trading volume of 1,306,307, the price of MDB is up by 0.62%, reaching $176.49.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 58 days from now.

Expert Opinions on MongoDB

5 market experts have recently issued ratings for this stock, with a consensus target price of $274.0.

Turn $1000 into $1270 in just 20 days?

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. * An analyst from Scotiabank has decided to maintain their Sector Perform rating on MongoDB, which currently sits at a price target of $240. * An analyst from Rosenblatt persists with their Buy rating on MongoDB, maintaining a target price of $305. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on MongoDB with a target price 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 Wells Fargo has revised its rating downward to Equal-Weight, adjusting the price target to $225.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for MongoDB, Benzinga Pro gives you real-time options trades alerts.