Investors with a lot of money to spend have taken a bearish stance on MongoDB (NASDAQ:MDB).
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 29 uncommon options trades for MongoDB.
This isn’t normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 15 are puts, for a total amount of $978,143, and 14 are calls, for a total amount of $616,603.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $360.0 and $640.0 for MongoDB, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $360.0 to $640.0 in the last 30 days.
MongoDB 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MDB | PUT | TRADE | BULLISH | 01/17/25 | $400.00 | $212.8K | 667 | 25 |
| MDB | PUT | SWEEP | BEARISH | 08/16/24 | $560.00 | $174.4K | 0 | 20 |
| MDB | PUT | SWEEP | BEARISH | 08/16/24 | $510.00 | $104.6K | 0 | 8 |
| MDB | CALL | SWEEP | BULLISH | 01/19/24 | $375.00 | $88.2K | 68 | 769 |
| MDB | PUT | SWEEP | BULLISH | 01/17/25 | $640.00 | $80.8K | 42 | 3 |
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.
After a thorough review of the options trading surrounding MongoDB, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is MongoDB Standing Right Now?
- Trading volume stands at 1,271,607, with MDB’s price up by 0.71%, positioned at $368.0.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 58 days.
What The Experts Say On MongoDB
1 market experts have recently issued ratings for this stock, with a consensus target price of $410.0.
- An analyst from UBS downgraded its action to Neutral with a price target of $410.
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, Benzinga Pro gives you real-time options trades alerts.
