Investors with a lot of money to spend have taken a bullish stance on Monday.Com MNDY.
And retail traders should know.
We noticed this today when the positions 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 MNDY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Monday.Com.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 12%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $38,600, and 7, calls, for a total amount of $409,834.
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 $210.0 for Monday.Com during the past quarter.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Monday.Com stands at 1180.4, with a total volume reaching 9,051.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Monday.Com, situated within the strike price corridor from $160.0 to $210.0, throughout 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 | CALL | SWEEP | BULLISH | 06/21/24 | $6.3 | $6.0 | $6.0 | $210.00 | $97.2K | 2.9K | 4 |
| MNDY | CALL | SWEEP | NEUTRAL | 05/17/24 | $7.0 | $6.8 | $6.87 | $200.00 | $62.0K | 1.1K | 3.0K |
| MNDY | CALL | SWEEP | NEUTRAL | 05/17/24 | $7.0 | $6.8 | $7.08 | $200.00 | $62.0K | 1.1K | 2.9K |
| MNDY | CALL | SWEEP | BULLISH | 05/17/24 | $12.9 | $12.4 | $12.72 | $185.00 | $57.1K | 419 | 1.5K |
| MNDY | CALL | SWEEP | BULLISH | 05/17/24 | $12.9 | $12.4 | $13.02 | $185.00 | $57.1K | 419 | 1.4K |
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?
- With a volume of 649,959, the price of MNDY is up 0.94% at $182.99.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 1 days.
What Analysts Are Saying About 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.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $230.
- An analyst from Canaccord Genuity has decided to maintain their Buy rating on Monday.Com, which currently sits at a price target of $220.
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 Monday.Com options trades with real-time alerts from Benzinga Pro.
© 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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