MongoDB Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish stance on MongoDB MDB.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MDB, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for MongoDB.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $29,700, and 9, calls, for a total amount of $492,896.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $380.0 and $440.0 for MongoDB, spanning the last three months.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 540.89 with a total volume of 263.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB's big money trades within a strike price range of $380.0 to $440.0 over the last 30 days.

MongoDB Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
MDB CALL SWEEP BULLISH 12/15/23 $420.00 $118.0K 1.5K 1
MDB CALL SWEEP BEARISH 01/19/24 $410.00 $87.0K 645 64
MDB CALL SWEEP BULLISH 12/15/23 $380.00 $67.4K 284 20
MDB CALL SWEEP BEARISH 12/22/23 $430.00 $67.1K 387 167
MDB CALL SWEEP BULLISH 12/15/23 $400.00 $34.8K 736 5

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.

Where Is MongoDB Standing Right Now?

  • With a trading volume of 504,281, the price of MDB is up by 0.18%, reaching $420.0.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 82 days from now.

What Analysts Are Saying About MongoDB

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $468.6.

  • An analyst from Mizuho persists with their Neutral rating on MongoDB, maintaining a target price of $420.
  • Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for MongoDB, targeting a price of $478.
  • An analyst from Needham has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $495.
  • In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $450.
  • In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $500.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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