Financial giants have made a conspicuous bearish move on Monday.Com. Our analysis of options history for Monday.Com MNDY revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $94,360, and 7 were calls, valued at $307,557.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $230.0 for Monday.Com, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Monday.Com's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Monday.Com's significant trades, within a strike price range of $200.0 to $230.0, over the past month.
Monday.Com Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MNDY | CALL | TRADE | BEARISH | 06/21/24 | $20.7 | $20.6 | $20.6 | $200.00 | $67.9K | 116 | 137 |
| MNDY | CALL | TRADE | BEARISH | 06/21/24 | $16.2 | $15.8 | $15.89 | $210.00 | $52.4K | 2.7K | 152 |
| MNDY | PUT | SWEEP | BULLISH | 06/21/24 | $25.2 | $24.7 | $25.1 | $210.00 | $47.6K | 479 | 24 |
| MNDY | CALL | TRADE | BEARISH | 06/21/24 | $16.1 | $15.8 | $15.8 | $210.00 | $47.4K | 2.7K | 92 |
| MNDY | PUT | SWEEP | BULLISH | 11/15/24 | $36.6 | $35.4 | $35.9 | $210.00 | $46.6K | 0 | 13 |
About Monday.Com
Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service model. The firm's solutions offer flexible and highly customizable tools to digitize business processes across countless use cases. Monday's offering supports workflow management across departments, real-time visibility and accountability, and automation capabilities. Monday also offers prepackaged CRM and DevOps management solutions, in addition to standalone survey and digital whiteboard tools. As of 2023, Monday served over 225,000 customers in more than 200 countries.
Where Is Monday.Com Standing Right Now?
- Currently trading with a volume of 460,342, the MNDY's price is up by 0.6%, now at $201.11.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 32 days.
Expert Opinions on Monday.Com
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $260.0.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Monday.Com, which currently sits at a price target of $270.
- In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $260.
- An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $250.
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 Monday.Com with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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