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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 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 21 uncommon options trades for MongoDB.
This isn’t normal.
The overall sentiment of these big-money traders is split between 33% bullish and 52%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $933,121, and 11 are calls, for a total amount of $619,401.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $160.0 and $420.0 for MongoDB, spanning the last three months.
Volume & Open Interest Trends
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 $160.0 to $420.0 in the last 30 days.
MongoDB Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | PUT | SWEEP | BULLISH | 03/21/25 | $63.7 | $63.35 | $63.7 | $300.00 | $316.9K | 184 | 50 |
| MDB | PUT | SWEEP | BEARISH | 12/20/24 | $23.0 | $20.6 | $21.88 | $265.00 | $217.9K | 188 | 101 |
| MDB | CALL | SWEEP | BULLISH | 04/17/25 | $31.6 | $30.35 | $31.13 | $250.00 | $109.0K | 31 | 35 |
| MDB | PUT | SWEEP | BEARISH | 12/20/24 | $26.95 | $25.4 | $27.0 | $270.00 | $97.2K | 502 | 34 |
| MDB | CALL | TRADE | BULLISH | 01/03/25 | $6.9 | $6.9 | $6.9 | $250.00 | $89.7K | 10 | 130 |
About MongoDB
Founded in 2007, MongoDB is a document-oriented database. 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
- With a volume of 1,506,743, the price of MDB is down -0.49% at $243.8.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 76 days.
Professional Analyst Ratings for MongoDB
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $381.0.
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.
* An analyst from Wells Fargo persists with their Overweight rating on MongoDB, maintaining a target price of $425.
* An analyst from Baird persists with their Outperform rating on MongoDB, maintaining a target price of $390.
* Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on MongoDB with a target price of $390.
* An analyst from Morgan Stanley has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $350.
* Reflecting concerns, an analyst from Rosenblatt lowers its rating to Buy with a new price target of $350.
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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