Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $478,520, and 3 were calls, valued at $155,492.
Predicted Price Range
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 $500.0 for MongoDB, spanning the last three months.
Volume & Open Interest Trends
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 $500.0 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 | SWEEP | BEARISH | 01/16/26 | $29.6 | $27.2 | $29.0 | $180.00 | $261.0K | 215 | 150 |
| MDB | CALL | TRADE | BEARISH | 02/21/25 | $19.9 | $17.85 | $17.85 | $330.00 | $85.6K | 31 | 299 |
| MDB | PUT | TRADE | BULLISH | 12/20/24 | $40.05 | $39.95 | $39.95 | $250.00 | $55.9K | 591 | 25 |
| MDB | PUT | TRADE | BULLISH | 11/15/24 | $30.05 | $29.95 | $29.95 | $240.00 | $38.9K | 369 | 14 |
| MDB | PUT | TRADE | NEUTRAL | 09/20/24 | $7.85 | $7.45 | $7.67 | $200.00 | $38.3K | 279 | 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.
After a thorough review of the options trading surrounding MongoDB, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
MongoDB's Current Market Status
- With a trading volume of 473,038, the price of MDB is up by 0.23%, reaching $232.91.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 16 days from now.
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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