Looking At MongoDB's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on MongoDB (NASDAQ:MDB) has been spotted, with 18 uncommon options trades identified. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The targeted price range for MongoDB over the last 3 months is $330 to $400.
June 06, 2023 | 2:31 pm
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A large bearish position has been spotted on MongoDB (NASDAQ:MDB), with 61% of big-money traders being bearish. The targeted price range for MongoDB over the last 3 months is $330 to $400.
The large bearish position on MongoDB indicates that big-money traders expect the stock price to go down in the short term. With 61% of these traders being bearish, it is likely that the stock price will be negatively impacted. The targeted price range of $330 to $400 over the last 3 months also suggests potential downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100