Investors with a lot of money to spend have taken a bearish stance on Monday.Com MNDY.
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 MNDY, 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 11 uncommon options trades for Monday.Com.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 54%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $5,137,136, and 2 are calls, for a total amount of $160,600.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $260.0 to $325.0 for Monday.Com over the last 3 months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Monday.Com stands at 879.5, with a total volume reaching 2,203.00. 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 $260.0 to $325.0, throughout the last 30 days.
Monday.Com Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MNDY | PUT | TRADE | BULLISH | 11/15/24 | $34.6 | $30.8 | $32.01 | $300.00 | $4.8M | 2.6K | 1.5K |
| MNDY | CALL | TRADE | BEARISH | 02/21/25 | $13.8 | $12.8 | $13.2 | $290.00 | $132.0K | 1.5K | 222 |
| MNDY | PUT | SWEEP | BEARISH | 11/15/24 | $51.0 | $47.1 | $51.0 | $320.00 | $127.5K | 202 | 25 |
| MNDY | PUT | TRADE | BULLISH | 11/15/24 | $8.1 | $7.6 | $7.6 | $260.00 | $38.0K | 271 | 108 |
| MNDY | PUT | SWEEP | BEARISH | 11/15/24 | $28.2 | $24.4 | $28.2 | $295.00 | $32.2K | 182 | 36 |
About Monday.Com
Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service, or SaaS 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.
Current Position of Monday.Com
- With a trading volume of 1,402,589, the price of MNDY is down by -18.23%, reaching $265.18.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 0 days from now.
Professional Analyst Ratings for Monday.Com
In the last month, 3 experts released ratings on this stock with an average target price of $331.6666666666667.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Piper Sandler has decided to maintain their Overweight rating on Monday.Com, which currently sits at a price target of $340. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Monday.Com, targeting a price of $330. * An analyst from Oppenheimer persists with their Outperform rating on Monday.Com, maintaining a target price of $325.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
