Whales with a lot of money to spend have taken a noticeably bullish stance on MongoDB.
Looking at options history for MongoDB (NASDAQ:MDB) we detected 62 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 29% with bearish.
From the overall spotted trades, 39 are puts, for a total amount of $2,465,602 and 23, calls, for a total amount of $1,239,111.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $190.0 to $400.0 for MongoDB over the last 3 months.
Volume & Open Interest Development
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 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 whale activity within a strike price range from $190.0 to $400.0 in the last 30 days.
MongoDB Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | TRADE | NEUTRAL | 12/19/25 | $58.75 | $54.25 | $56.43 | $290.00 | $169.2K | 254 | 152 |
| MDB | PUT | TRADE | NEUTRAL | 12/19/25 | $57.75 | $52.5 | $55.15 | $290.00 | $165.4K | 254 | 42 |
| MDB | PUT | SWEEP | BEARISH | 06/21/24 | $32.8 | $31.75 | $32.15 | $335.00 | $164.4K | 67 | 103 |
| MDB | CALL | SWEEP | NEUTRAL | 06/07/24 | $6.65 | $5.9 | $6.65 | $352.50 | $164.3K | 1 | 249 |
| MDB | CALL | SWEEP | BULLISH | 06/07/24 | $20.95 | $20.95 | $20.95 | $310.00 | $155.0K | 5 | 99 |
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?
- Currently trading with a volume of 1,690,424, the MDB’s price is down by -5.53%, now at $315.52.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 0 days.
What The Experts Say On MongoDB
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $467.5.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $465.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for MongoDB, targeting a price of $470.
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.
