Monday.Com's Options: A Look at What the Big Money is Thinking

Deep-pocketed investors have adopted a bullish approach towards Monday.Com MNDY, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MNDY usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Monday.Com. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 52% leaning bullish and 47% bearish. Among these notable options, 4 are puts, totaling $173,590, and 13 are calls, amounting to $646,582.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $280.0 for Monday.Com during the past quarter.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Monday.Com's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Monday.Com's significant trades, within a strike price range of $150.0 to $280.0, over the past month.

Monday.Com Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MNDY CALL SWEEP BEARISH 06/21/24 $220.00 $129.9K 1.0K 58
MNDY CALL TRADE BEARISH 02/16/24 $190.00 $96.0K 471 13
MNDY PUT SWEEP NEUTRAL 03/15/24 $195.00 $61.2K 0 60
MNDY CALL SWEEP BULLISH 02/16/24 $160.00 $58.8K 55 12
MNDY PUT TRADE BEARISH 01/16/26 $210.00 $50.7K 11 0

About Monday.Com

Monday.Com Ltd Work OS is an open platform that democratizes the power of software so organizations can easily build work management tools and software applications to fit their every need. The platform intuitively connects people to processes and systems, empowering teams to excel in every aspect of their work while creating an environment of transparency in business. Monday.com operates in Tel Aviv, New York, San Francisco, Miami, Chicago, London, Sydney, Sao Paulo, and Tokyo.

Having examined the options trading patterns of Monday.Com, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Monday.Com

  • With a trading volume of 645,053, the price of MNDY is up by 2.26%, reaching $200.05.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 21 days from now.

What Analysts Are Saying About Monday.Com

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $235.0.

  • An analyst from Keybanc persists with their Overweight rating on Monday.Com, maintaining a target price of $220.
  • An analyst from Piper Sandler persists with their Overweight rating on Monday.Com, maintaining a target price of $250.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Monday.Com, Benzinga Pro gives you real-time options trades alerts.

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MNDYMonday.Com Ltd
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