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Looking At MongoDB's Recent Unusual Options Activity
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Looking At MongoDB's Recent Unusual Options Activity
Jun 5, 2024 8:19 AM

Financial giants have made a conspicuous bearish move on MongoDB ( MDB ). Our analysis of options history for MongoDB ( MDB ) revealed 14 unusual trades.

Delving into the details, we found 21% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $956,107, and 4 were calls, valued at $195,440.

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 $230.0 to $410.0 for MongoDB ( MDB ) over the last 3 months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for MongoDB's ( MDB ) 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 MongoDB's ( MDB ) whale activity within a strike price range from $230.0 to $410.0 in 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 $27.7 $27.65 $27.7 $230.00 $354.5K 26 143
MDB PUT SWEEP BEARISH 06/07/24 $33.6 $30.25 $32.2 $265.00 $161.0K 193 133
MDB PUT SWEEP BEARISH 06/07/24 $32.0 $29.75 $32.0 $265.00 $160.0K 193 33
MDB CALL TRADE BEARISH 06/20/25 $54.0 $53.0 $53.0 $240.00 $95.4K 5 0
MDB PUT TRADE NEUTRAL 06/21/24 $12.7 $12.1 $12.4 $240.00 $62.0K 479 101

About MongoDB

Founded in 2007, MongoDB ( MDB ) is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB ( MDB ) provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's ( MDB ) database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.

Having examined the options trading patterns of MongoDB ( MDB ), our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of MongoDB

Currently trading with a volume of 439,575, the MDB's price is up by 0.02%, now at $232.2.

RSI readings suggest the stock is currently may be oversold.

Anticipated earnings release is in 85 days.

Expert Opinions on MongoDB

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $325.0.

Consistent in their evaluation, an analyst from Scotiabank keeps a Sector Perform rating on MongoDB ( MDB ) with a target price of $250.

Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on MongoDB ( MDB ) with a target price of $300.

An analyst from Wells Fargo has decided to maintain their Overweight rating on MongoDB ( MDB ), which currently sits at a price target of $300.

Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on MongoDB ( MDB ) with a target price of $470.

Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on MongoDB ( MDB ) with a target price of $305.

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 ( MDB ), Benzinga Pro gives you real-time options trades alerts.

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