MongoDB Unusual Options Activity

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 37 uncommon options trades for MongoDB.

This isn't normal.

The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $392,175, and 31 are calls, for a total amount of $1,925,169.

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 $220.0 to $500.0 for MongoDB during the past quarter.

Volume & Open Interest Development

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 $220.0 to $500.0 in the last 30 days.

MongoDB Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

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.

Present Market Standing of MongoDB

• With a trading volume of 962,676, the price of MDB is up by 1.08%, reaching $391.62.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 90 days from now.

What Analysts Are Saying About MongoDB

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $475.0.

• An analyst from Capital One has elevated its stance to Overweight, setting a new price target at $427.
• An analyst from Barclays has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $478.
• An analyst from RBC Capital has decided to maintain their Outperform rating on MongoDB, which currently sits at a price target of $475.
• Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on MongoDB with a target price of $500.
• An analyst from Needham persists with their Buy rating on MongoDB, maintaining a target price of $495.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MongoDB with Benzinga Pro for real-time alerts.