Investors with a lot of money to spend have taken a bullish stance on MongoDB MDB.
And retail traders should know.
We noticed this today when the trades 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 MDB, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for MongoDB.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $761,385, and 12 are calls, for a total amount of $956,416.
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 $180.0 and $280.0 for MongoDB, spanning the last three 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 $180.0 to $280.0 in the last 30 days.
MongoDB 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | BEARISH | 03/21/25 | $21.55 | $20.1 | $20.1 | $200.00 | $402.0K | 137 | 0 |
| MDB | PUT | SWEEP | BEARISH | 12/20/24 | $42.7 | $42.65 | $42.7 | $260.00 | $226.3K | 194 | 0 |
| MDB | CALL | SWEEP | BEARISH | 06/28/24 | $10.9 | $8.45 | $8.63 | $242.50 | $170.1K | 445 | 21 |
| MDB | CALL | SWEEP | BULLISH | 06/28/24 | $8.25 | $7.3 | $7.25 | $240.00 | $163.1K | 636 | 0 |
| MDB | CALL | TRADE | BULLISH | 07/26/24 | $52.45 | $46.0 | $50.55 | $200.00 | $126.3K | 26 | 0 |
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.
Having examined the options trading patterns of MongoDB, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
MongoDB's Current Market Status
- With a trading volume of 1,202,141, the price of MDB is up by 1.6%, reaching $248.06.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 62 days from now.
Expert Opinions on MongoDB
In the last month, 5 experts released ratings on this stock with an average target price of $325.0.
- An analyst from Baird persists with their Outperform rating on MongoDB, maintaining a target price of $305.
- An analyst from Needham persists with their Buy rating on MongoDB, maintaining a target price of $290.
- An analyst from JMP Securities has decided to maintain their Market Outperform rating on MongoDB, which currently sits at a price target of $380.
- An analyst from Truist Securities has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $300.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on MongoDB with a target price of $350.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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