Financial giants have made a conspicuous bearish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 21 unusual trades.
Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $573,207, and 12 were calls, valued at $706,545.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $710.0 for MongoDB, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of MongoDB stands at 68.35, with a total volume reaching 719.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MongoDB, situated within the strike price corridor from $200.0 to $710.0, throughout the last 30 days.
MongoDB Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | CALL | SWEEP | NEUTRAL | 07/19/24 | $200.00 | $206.2K | 13 | 13 |
| MDB | CALL | TRADE | NEUTRAL | 01/17/25 | $640.00 | $120.0K | 112 | 100 |
| MDB | PUT | TRADE | BEARISH | 01/17/25 | $490.00 | $105.6K | 59 | 7 |
| MDB | PUT | SWEEP | BULLISH | 04/05/24 | $355.00 | $104.5K | 72 | 103 |
| MDB | PUT | SWEEP | BULLISH | 01/17/25 | $410.00 | $74.2K | 107 | 13 |
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.
Following our analysis of the options activities associated with MongoDB, we pivot to a closer look at the company's own performance.
Current Position of MongoDB
- With a volume of 259,418, the price of MDB is down -0.47% at $353.83.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 66 days.
What Analysts Are Saying About MongoDB
In the last month, 5 experts released ratings on this stock with an average target price of $463.0.
- An analyst from Stifel persists with their Buy rating on MongoDB, maintaining a target price of $435.
- An analyst from Wells Fargo persists with their Overweight rating on MongoDB, maintaining a target price of $450.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on MongoDB with a target price of $550.
- Reflecting concerns, an analyst from Mizuho lowers its rating to Neutral with a new price target of $380.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on MongoDB with a target price of $500.
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.
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