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 21 trades.
If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $598,880 and 13, calls, for a total amount of $597,980.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $330.0 to $440.0 for MongoDB over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of MongoDB stands at 212.87, with a total volume reaching 545.00. 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 $330.0 to $440.0, throughout the last 30 days.
MongoDB 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | PUT | TRADE | BEARISH | 12/19/25 | $350.00 | $304.0K | 39 | 0 |
| MDB | CALL | SWEEP | BEARISH | 11/24/23 | $400.00 | $110.9K | 251 | 186 |
| MDB | PUT | TRADE | BULLISH | 01/19/24 | $370.00 | $81.0K | 328 | 6 |
| MDB | CALL | SWEEP | BEARISH | 12/15/23 | $330.00 | $72.3K | 63 | 0 |
| MDB | CALL | SWEEP | BEARISH | 01/19/24 | $390.00 | $52.3K | 145 | 15 |
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.
MongoDB's Current Market Status
- With a volume of 503,613, the price of MDB is up 0.44% at $394.29.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 15 days.
Professional Analyst Ratings for MongoDB
4 market experts have recently issued ratings for this stock, with a consensus target price of $449.25.
- An analyst from Wells Fargo downgraded its action to Overweight with a price target of $500.
- An analyst from Keybanc persists with their Overweight rating on MongoDB, maintaining a target price of $440.
- An analyst from Truist Securities has revised its rating downward to Buy, adjusting the price target to $430.
- In a positive move, an analyst from Capital One has upgraded their rating to Overweight and adjusted the price target to $427.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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