Financial giants have made a conspicuous bearish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 12 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $201,130, and 10 were calls, valued at $719,880.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $410.0 for MongoDB over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in MongoDB's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MongoDB's substantial trades, within a strike price spectrum from $250.0 to $410.0 over the preceding 30 days.
MongoDB Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | CALL | SWEEP | BULLISH | 11/10/23 | $250.00 | $266.7K | 21 | 0 |
| MDB | PUT | TRADE | BULLISH | 02/16/24 | $400.00 | $170.2K | 84 | 1 |
| MDB | CALL | TRADE | BEARISH | 01/17/25 | $410.00 | $86.2K | 282 | 10 |
| MDB | CALL | TRADE | NEUTRAL | 12/19/25 | $330.00 | $76.1K | 15 | 0 |
| MDB | CALL | SWEEP | BEARISH | 12/01/23 | $400.00 | $64.2K | 224 | 5 |
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.
Following our analysis of the options activities associated with MongoDB, we pivot to a closer look at the company's own performance.
Current Position of MongoDB
- Currently trading with a volume of 593,184, the MDB's price is up by 0.51%, now at $371.94.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 26 days.
What Analysts Are Saying About MongoDB
3 market experts have recently issued ratings for this stock, with a consensus target price of $439.0.
- An analyst from Capital One upgraded its action to Overweight with a price target of $427.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for MongoDB, targeting a price of $440.
- Reflecting concerns, an analyst from B of A Securities lowers its rating to Buy with a new price target of $450.
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.
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