A whale with a lot of money to spend has taken a noticeably bearish stance on MongoDB.
Looking at options history for MongoDB MDB we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $624,908 and 6, calls, for a total amount of $230,706.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $270.0 to $620.0 for MongoDB over the last 3 months.
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 $270.0 to $620.0 in the last 30 days.
MongoDB Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | PUT | TRADE | NEUTRAL | 06/21/24 | $620.00 | $314.4K | 0 | 12 |
| MDB | PUT | TRADE | NEUTRAL | 11/17/23 | $400.00 | $156.0K | 132 | 32 |
| MDB | CALL | SWEEP | BEARISH | 10/27/23 | $375.00 | $48.9K | 8 | 48 |
| MDB | CALL | SWEEP | NEUTRAL | 04/19/24 | $350.00 | $45.0K | 0 | 7 |
| MDB | CALL | SWEEP | BULLISH | 10/20/23 | $362.50 | $42.1K | 19 | 27 |
Where Is MongoDB Standing Right Now?
- With a volume of 271,537, the price of MDB is up 0.73% at $358.21.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 76 days.
What The Experts Say On MongoDB:
- RBC Capital downgraded its action to Outperform with a price target of $445
- Morgan Stanley has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $480.
- Argus Research has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $484.
- Piper Sandler has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $425.
- Guggenheim has decided to maintain their Sell rating on MongoDB, which currently sits at a price target of $250.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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