MongoDB Unusual Options Activity For December 03
Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB MDB revealed 12 unusual trades.
Delving into the details, we found 41% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $185,400, and 8 were calls, valued at $635,840.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $260.0 to $350.0 for MongoDB during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 659.3 with a total volume of 614.00.
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 $260.0 to $350.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | CALL | TRADE | NEUTRAL | 12/20/24 | $17.25 | $16.4 | $16.9 | $350.00 | $253.5K | 870 | 1 |
| MDB | CALL | TRADE | BULLISH | 01/17/25 | $25.0 | $24.1 | $25.0 | $340.00 | $125.0K | 713 | 51 |
| MDB | PUT | TRADE | NEUTRAL | 01/17/25 | $31.2 | $29.35 | $30.3 | $330.00 | $75.7K | 275 | 25 |
| MDB | CALL | TRADE | BULLISH | 12/20/24 | $22.8 | $22.7 | $22.8 | $330.00 | $57.0K | 1.2K | 45 |
| MDB | CALL | TRADE | BEARISH | 12/20/24 | $17.25 | $16.9 | $16.9 | $350.00 | $55.7K | 870 | 151 |
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.
Present Market Standing of MongoDB
- Currently trading with a volume of 296,638, the MDB’s price is down by -0.36%, now at $323.99.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 6 days.
What Analysts Are Saying About MongoDB
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $390.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on MongoDB with a target price of $345.
* Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on MongoDB with a target price of $425.
* An analyst from Loop Capital has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $400.
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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