MongoDB experienced unusually high options trading activity on the last trading day before the holiday, suggesting large investors are making significant directional bets on the stock.
Traders acquired 36,130 call options, marking a 2,077% increase over the typical volume of 1,660. This substantial rise in call options points to a bullish outlook among some investors.
Simultaneously, investors purchased 23,831 put options. This volume represents a 2,157% jump compared to the average volume of 1,056.
The parallel rise in put options indicates that other investors may be expecting a downturn or are hedging their existing positions against potential risks. No immediate market reaction was observed, as the market was closed for the holiday.