MongoDB Unusual Options Activity For August 25
Portfolio Pulse from Benzinga Insights
A significant amount of bearish options activity has been detected for MongoDB (NASDAQ:MDB), with 78% of investors opening trades with bearish expectations. Of the total trades, 12 are puts, amounting to $1,616,969, and 2 are calls, amounting to $72,877. Whales have been targeting a price range from $340.0 to $430.0 for MongoDB over the last 3 months. The current price of MDB is up 0.22% at $361.54.
August 25, 2023 | 2:16 pm
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MongoDB has seen a significant amount of bearish options activity, with a majority of investors expecting the price to fall. The current price is $361.54, within the targeted range of $340-$430.
The bearish options activity indicates that a majority of investors are expecting the price of MongoDB to fall. This could potentially lead to a decrease in the stock price in the short term. The current price is within the targeted range of $340-$430, which further supports this expectation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100