A whale with a lot of money to spend has taken a noticeably bullish stance on Monday.Com.
Looking at options history for Monday.Com MNDY we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 70% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $86,000 and 7, calls, for a total amount of $296,892.
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 $155.0 to $220.0 for Monday.Com over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Monday.Com's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Monday.Com's whale trades within a strike price range from $155.0 to $220.0 in the last 30 days.
Monday.Com Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MNDY | CALL | TRADE | NEUTRAL | 09/15/23 | $155.00 | $100.9K | 247 | 50 |
| MNDY | CALL | SWEEP | BULLISH | 06/21/24 | $220.00 | $47.3K | 31 | 1 |
| MNDY | CALL | SWEEP | BULLISH | 06/21/24 | $210.00 | $35.7K | 8 | 20 |
| MNDY | PUT | TRADE | BULLISH | 06/21/24 | $200.00 | $34.8K | 1 | 32 |
| MNDY | CALL | SWEEP | BULLISH | 06/21/24 | $200.00 | $32.5K | 36 | 22 |
Where Is Monday.Com Standing Right Now?
- With a volume of 97,873, the price of MNDY is down -0.74% at $176.13.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 73 days.
What The Experts Say On Monday.Com:
- DA Davidson has decided to maintain their Neutral rating on Monday.Com, which currently sits at a price target of $170.
- Canaccord Genuity has decided to maintain their Buy rating on Monday.Com, which currently sits at a price target of $195.
- Jefferies has decided to maintain their Hold rating on Monday.Com, which currently sits at a price target of $180.
- Keybanc has decided to maintain their Overweight rating on Monday.Com, which currently sits at a price target of $211.
- Needham downgraded its action to Buy with a price target of $230
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 Monday.Com, Benzinga Pro gives you real-time options trades alerts.
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