A Closer Look at Monday.Com's Options Market Dynamics - Monday.Com (NASDAQ:MNDY)

Investors with a lot of money to spend have taken a bullish 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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with MNDY, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 8 options trades for Monday.Com.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 25%, bearish.

Out of all of the options we uncovered, 7 are puts, for a total amount of $273,847, and there was 1 call, for a total amount of $46,080.

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 $170.0 to $185.0 for Monday.Com during the past quarter.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Monday.Com's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Monday.Com's substantial trades, within a strike price spectrum from $170.0 to $185.0 over the preceding 30 days.

Monday.Com Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
MNDY	PUT	SWEEP	BULLISH	06/21/24	$18.2	$17.6	$17.7	$185.00	$56.4K	408	34
MNDY	CALL	SWEEP	BULLISH	05/17/24	$15.1	$14.4	$14.4	$180.00	$46.0K	51	16
MNDY	PUT	SWEEP	BEARISH	06/21/24	$17.7	$17.7	$17.7	$185.00	$40.7K	408	93
MNDY	PUT	TRADE	NEUTRAL	06/21/24	$18.2	$17.5	$17.9	$185.00	$39.3K	408	94
MNDY	PUT	SWEEP	BULLISH	05/17/24	$8.0	$7.9	$7.9	$170.00	$37.9K	234	0

About Monday.Com

Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service 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.

Current Position of Monday.Com

With a volume of 199,134, the price of MNDY is down -4.17% at $182.03.
RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
Next earnings are expected to be released in 13 days.

What The Experts Say On Monday.Com

In the last month, 4 experts released ratings on this stock with an average target price of $240.0.

Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $230.
An analyst from Canaccord Genuity has decided to maintain their Buy rating on Monday.Com, which currently sits at a price target of $220.
In a cautious move, an analyst from Citigroup downgraded its rating to Neutral, setting a price target of $250.
In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $260.

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.

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