Investors with a lot of money to spend have taken a bearish 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 44 uncommon options trades for MongoDB.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 35 are puts, for a total amount of $2,329,432, and 9 are calls, for a total amount of $807,962.
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Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $650.0 for MongoDB over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 211.03 with a total volume of 2,916.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB's big money trades within a strike price range of $230.0 to $650.0 over the last 30 days.
MongoDB Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | BEARISH | 09/20/24 | $290.00 | $269.2K | 1 | 188 |
| MDB | CALL | TRADE | BULLISH | 09/20/24 | $390.00 | $161.8K | 2 | 30 |
| MDB | CALL | TRADE | BEARISH | 01/17/25 | $400.00 | $132.0K | 415 | 20 |
| MDB | PUT | TRADE | BEARISH | 06/21/24 | $400.00 | $123.7K | 549 | 32 |
| MDB | PUT | SWEEP | BEARISH | 01/17/25 | $350.00 | $118.8K | 137 | 22 |
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.
MongoDB's Current Market Status
- Trading volume stands at 989,305, with MDB's price up by 1.28%, positioned at $371.7.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 79 days.
What The Experts Say On MongoDB
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $415.4.
- Showing optimism, an analyst from DA Davidson upgrades its rating to Buy with a revised price target of $430.
- An analyst from Guggenheim has decided to maintain their Sell rating on MongoDB, which currently sits at a price target of $272.
- Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for MongoDB, targeting a price of $435.
- Consistent in their evaluation, an analyst from Needham keeps a Buy rating on MongoDB with a target price of $465.
- An analyst from Truist Securities downgraded its action to Buy with a price target of $475.
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.
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