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 11 uncommon options trades for MongoDB.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 45%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $316,693, and 6 are calls, for a total amount of $1,414,180.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $190.0 and $400.0 for MongoDB, spanning the last three months.
Analyzing 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 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 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | CALL | TRADE | NEUTRAL | 01/17/25 | $16.95 | $15.75 | $16.3 | $300.00 | $815.0K | 246 | 2 |
| MDB | CALL | SWEEP | BEARISH | 06/20/25 | $31.5 | $29.3 | $29.3 | $300.00 | $354.5K | 9 | 0 |
| MDB | PUT | SWEEP | BEARISH | 06/20/25 | $51.95 | $50.45 | $51.95 | $240.00 | $161.0K | 17 | 0 |
| MDB | CALL | TRADE | BEARISH | 01/17/25 | $31.25 | $30.15 | $30.15 | $250.00 | $102.5K | 176 | 3 |
| MDB | PUT | SWEEP | NEUTRAL | 07/19/24 | $63.05 | $57.05 | $60.4 | $280.00 | $60.4K | 84 | 0 |
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.
MongoDB's Current Market Status Currently trading with a volume of 746,644, the MDB's price is up by 2.98%, now at $224.68. RSI readings suggest the stock is currently may be oversold. Anticipated earnings release is in 76 days. What Analysts Are Saying About MongoDB
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $311.0.
Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for MongoDB, targeting a price of $350. Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for MongoDB, targeting a price of $305. An analyst from Oppenheimer persists with their Outperform rating on MongoDB, maintaining a target price of $300. An analyst from Truist Securities persists with their Buy rating on MongoDB, maintaining a target price of $300. An analyst from Stifel persists with their Buy rating on MongoDB, maintaining a target price of $300.
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.
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