Whales with a lot of money to spend have taken a noticeably bearish stance on MongoDB.
Looking at options history for MongoDB MDB we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $56,960 and 15, calls, for a total amount of $950,401.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $260.0 to $500.0 for MongoDB during the past quarter.
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 $260.0 to $500.0 in the last 30 days.
MongoDB Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | CALL | TRADE | BULLISH | 06/21/24 | $410.00 | $109.1K | 310 | 31 |
| MDB | CALL | TRADE | BULLISH | 06/21/24 | $410.00 | $104.9K | 310 | 91 |
| MDB | CALL | TRADE | BULLISH | 06/21/24 | $410.00 | $101.0K | 310 | 45 |
| MDB | CALL | TRADE | BEARISH | 06/21/24 | $410.00 | $91.7K | 310 | 104 |
| MDB | CALL | TRADE | BULLISH | 06/21/24 | $410.00 | $78.3K | 310 | 57 |
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.
Where Is MongoDB Standing Right Now?
- Trading volume stands at 577,702, with MDB's price down by -0.3%, positioned at $406.46.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 8 days.
Professional Analyst Ratings for MongoDB
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $452.3333333333333.
- In a positive move, an analyst from Capital One has upgraded their rating to Overweight and adjusted the price target to $427.
- Reflecting concerns, an analyst from Wells Fargo lowers its rating to Overweight with a new price target of $500.
- An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $430.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
