What the Options Market Tells Us About MongoDB

Whales with a lot of money to spend have taken a noticeably bearish stance on MongoDB.

Looking at options history for MongoDB MDB we detected 36 trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 22 are puts, for a total amount of $1,218,436 and 14, calls, for a total amount of $649,836.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $270.0 to $500.0 for MongoDB over the last 3 months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of MongoDB stands at 339.38, with a total volume reaching 3,381.00. 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 $270.0 to $500.0, throughout the last 30 days.

MongoDB Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
MDB PUT TRADE BEARISH 06/07/24 $3.35 $1.55 $2.72 $270.00 $489.6K 0 0
MDB CALL SWEEP NEUTRAL 08/16/24 $43.3 $42.4 $42.8 $370.00 $214.0K 95 0
MDB PUT TRADE BEARISH 09/20/24 $28.45 $26.6 $28.1 $320.00 $56.2K 233 142
MDB PUT TRADE BULLISH 09/20/24 $28.5 $28.05 $28.05 $320.00 $56.1K 233 112
MDB PUT TRADE BULLISH 09/20/24 $29.1 $27.2 $27.8 $320.00 $50.0K 233 331

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.

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

MongoDB's Current Market Status

  • Trading volume stands at 562,531, with MDB's price up by 2.98%, positioned at $374.0.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 27 days.

What Analysts Are Saying About 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 $450.0.

  • An analyst from Needham downgraded its action to Buy with a price target of $465.
  • An analyst from Keybanc persists with their Overweight rating on MongoDB, maintaining a target price of $440.
  • Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $415.
  • An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $465.
  • Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $465.

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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Posted In: OptionsMarketsBZI-UOA
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