Looking At MongoDB's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in MongoDB (NASDAQ:MDB), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 21 uncommon options trades, with 38% bullish and 61% bearish sentiment. Whales have been targeting a price range of $130 to $490 for MongoDB over the last 3 months.
June 05, 2023 | 2:17 pm
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A large investor has taken a bearish stance on MongoDB (NASDAQ:MDB) with unusual options activity. The overall sentiment is 38% bullish and 61% bearish, targeting a price range of $130 to $490.
The unusual options activity indicates that a large investor is taking a bearish stance on MongoDB, which could lead to downward pressure on the stock price in the short term. The overall sentiment being more bearish than bullish also supports this view. However, it is important to note that options trading is riskier than stock trading and can be influenced by various factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100