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 31 trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 51% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $639,878 and 18, calls, for a total amount of $907,014.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $300.0 to $460.0 for MongoDB during the past quarter.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of MongoDB stands at 132.7, with a total volume reaching 1,024.00. 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 $300.0 to $460.0, throughout the last 30 days.
MongoDB Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | BEARISH | 11/15/24 | $40.0 | $39.55 | $40.0 | $330.00 | $128.0K | 28 | 32 |
| MDB | CALL | TRADE | BEARISH | 05/24/24 | $54.8 | $50.5 | $50.5 | $300.00 | $101.0K | 20 | 0 |
| MDB | CALL | SWEEP | BEARISH | 06/21/24 | $31.45 | $31.35 | $31.35 | $350.00 | $90.9K | 165 | 17 |
| MDB | PUT | TRADE | NEUTRAL | 08/16/24 | $43.55 | $43.2 | $43.35 | $360.00 | $86.7K | 90 | 31 |
| MDB | PUT | SWEEP | BULLISH | 11/15/24 | $74.8 | $73.75 | $73.75 | $390.00 | $73.7K | 6 | 9 |
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.
Where Is MongoDB Standing Right Now?
- With a volume of 576,551, the price of MDB is down -0.95% at $351.93.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 22 days.
Professional Analyst Ratings for MongoDB
In the last month, 5 experts released ratings on this stock with an average target price of $450.0.
- An analyst from Needham downgraded its action to Buy with a price target of $465.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $465.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $465.
- An analyst from Loop Capital downgraded its action to Buy with a price target of $415.
- An analyst from Keybanc has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $440.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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