Financial giants have made a conspicuous bullish move on Monday.Com. Our analysis of options history for Monday.Com MNDY revealed 9 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 11% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $219,221, and 3 were calls, valued at $124,995.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $240.0 for Monday.Com during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Monday.Com options trades today is 262.75 with a total volume of 330.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Monday.Com's big money trades within a strike price range of $160.0 to $240.0 over the last 30 days.
Monday.Com Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MNDY | PUT | SWEEP | BULLISH | 05/17/24 | $13.3 | $12.9 | $13.0 | $180.00 | $54.6K | 152 | 51 |
| MNDY | CALL | TRADE | BEARISH | 06/21/24 | $16.0 | $15.5 | $15.7 | $185.00 | $51.8K | 110 | 47 |
| MNDY | CALL | SWEEP | BULLISH | 11/15/24 | $15.0 | $15.0 | $15.0 | $240.00 | $45.0K | 4 | 0 |
| MNDY | PUT | TRADE | BULLISH | 01/17/25 | $20.8 | $20.1 | $20.1 | $160.00 | $40.2K | 1.2K | 0 |
| MNDY | PUT | SWEEP | NEUTRAL | 05/17/24 | $14.4 | $13.7 | $13.76 | $185.00 | $34.2K | 245 | 25 |
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.
Following our analysis of the options activities associated with Monday.Com, we pivot to a closer look at the company's own performance.
Where Is Monday.Com Standing Right Now?
- With a volume of 552,536, the price of MNDY is up 1.1% at $183.0.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 5 days.
What The Experts Say On Monday.Com
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $225.0.
- An analyst from Canaccord Genuity has decided to maintain their Buy rating on Monday.Com, which currently sits at a price target of $220.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $230.
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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