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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with MDB, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for MongoDB.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the options we uncovered, 14 are puts, for a total amount of $983,459, and there was 1 call, for a total amount of $29,675.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $290.0 to $410.0 for MongoDB over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 212.82 with a total volume of 210.00.
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 $290.0 to $410.0 over the last 30 days.
MongoDB Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | PUT | TRADE | BEARISH | 11/15/24 | $320.00 | $180.0K | 0 | 50 |
| MDB | PUT | SWEEP | BEARISH | 01/17/25 | $300.00 | $117.9K | 632 | 36 |
| MDB | PUT | SWEEP | BEARISH | 06/21/24 | $350.00 | $85.1K | 315 | 31 |
| MDB | PUT | SWEEP | BULLISH | 01/17/25 | $400.00 | $77.5K | 720 | 13 |
| MDB | PUT | SWEEP | BULLISH | 12/20/24 | $400.00 | $76.0K | 42 | 14 |
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.
Present Market Standing of MongoDB
- Trading volume stands at 315,944, with MDB's price up by 0.41%, positioned at $355.24.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 71 days.
What The Experts Say On MongoDB
5 market experts have recently issued ratings for this stock, with a consensus target price of $424.0.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for MongoDB, targeting a price of $458.
- In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $440.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $450.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for MongoDB, targeting a price of $500.
- An analyst from Guggenheim persists with their Sell rating on MongoDB, maintaining a target price of $272.
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 MongoDB, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
