Decoding MongoDB's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 20 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $390,420, and 9 were calls, valued at $456,314.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $310.0 to $490.0 for MongoDB 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 MongoDB's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to MongoDB's substantial trades, within a strike price spectrum from $310.0 to $490.0 over the preceding 30 days.

MongoDB 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MDB CALL TRADE BULLISH 04/19/24 $400.00 $104.9K 97 24
MDB CALL TRADE BEARISH 12/19/25 $390.00 $64.9K 22 0
MDB PUT TRADE BULLISH 01/17/25 $440.00 $59.4K 11 0
MDB CALL TRADE BULLISH 01/19/24 $400.00 $52.7K 1.9K 90
MDB CALL TRADE BEARISH 06/21/24 $460.00 $51.0K 281 26

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.

Following our analysis of the options activities associated with MongoDB, we pivot to a closer look at the company's own performance.

Present Market Standing of MongoDB

  • With a volume of 556,850, the price of MDB is up 0.45% at $394.87.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 84 days.

Expert Opinions on 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 $469.6.

  • An analyst from Wells Fargo downgraded its action to Overweight with a price target of $500.
  • In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $450.
  • Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for MongoDB, targeting a price of $500.
  • An analyst from Barclays persists with their Overweight rating on MongoDB, maintaining a target price of $478.
  • Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for MongoDB, targeting a price of $420.

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 MongoDB with Benzinga Pro for real-time alerts.

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Posted In: OptionsMarketsBZI-UOA
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