A Closer Look at MongoDB's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on MongoDB MDB.

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 MDB, 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 10 uncommon options trades for MongoDB.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $175,198, and 6 are calls, for a total amount of $298,100.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $440.0 for MongoDB over the recent three 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 $70.0 to $440.0 in the last 30 days.

MongoDB Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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.

After a thorough review of the options trading surrounding MongoDB, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

MongoDB's Current Market Status

• With a trading volume of 584,533, the price of MDB is down by -0.9%, reaching $389.05.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 19 days from now.

What Analysts Are Saying About MongoDB

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $449.25.

• An analyst from Keybanc has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $440.
• In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $500.
• Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $430.
• An analyst from Capital One upgraded its action to Overweight with a price target of $427.

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.