Whales with a lot of money to spend have taken a noticeably bullish stance on MongoDB.
Looking at options history for MongoDB MDB we detected 62 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 29% with bearish.
From the overall spotted trades, 39 are puts, for a total amount of $2,465,602 and 23, calls, for a total amount of $1,239,111.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $190.0 to $400.0 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 $190.0 to $400.0 in the last 30 days.
MongoDB Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | TRADE | NEUTRAL | 12/19/25 | $58.75 | $54.25 | $56.43 | $290.00 | $169.2K | 254 | 152 |
| MDB | PUT | TRADE | NEUTRAL | 12/19/25 | $57.75 | $52.5 | $55.15 | $290.00 | $165.4K | 254 | 42 |
| MDB | PUT | SWEEP | BEARISH | 06/21/24 | $32.8 | $31.75 | $32.15 | $335.00 | $164.4K | 67 | 103 |
| MDB | CALL | SWEEP | NEUTRAL | 06/07/24 | $6.65 | $5.9 | $6.65 | $352.50 | $164.3K | 1 | 249 |
| MDB | CALL | SWEEP | BULLISH | 06/07/24 | $20.95 | $20.95 | $20.95 | $310.00 | $155.0K | 5 | 99 |
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.
Where Is MongoDB Standing Right Now?
- Currently trading with a volume of 1,690,424, the MDB's price is down by -5.53%, now at $315.52.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 0 days.
What The Experts Say On MongoDB
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $467.5.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $465.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for MongoDB, targeting a price of $470.
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 MongoDB 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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