MongoDB recorded an exceptional surge in options trading on Wednesday, characterized by massive volume in both call and put contracts.
Traders acquired 36,130 call options during the session. This volume represents a 2,077% increase compared to the average daily volume. Investors also purchased 23,831 put options. This figure marks a 2,157% jump from typical trading levels.
The simultaneous spike in opposing contracts indicates a wide divergence of opinion regarding the company's near-term direction. Such heightened activity often precedes significant movement in the underlying stock price.