MongoDB (MDB) - 12/5 - Earnings release after the close
- MongoDB
MongoDB (MDB) is a technology company that specializes in database solutions, offering a popular NoSQL database program of the same name. Their platform is known for its scalability and flexibility, catering to a wide range of applications from startups to large enterprises. MongoDB's services are widely used in cloud computing and big data analytics.
MongoDBis currently trading at $403.19, up 102.15% from its opening price of 2023 at $199.45. The current IVR on the tastytrade platform is 42.9. The IV in December's contract is 76.3 and January's contract is 56.7. MDB has not reported positive net income in any of its last five quarterly reports.
MDB is an expensive stock and requires a significant amount of buying power to establish undefined risk positions. For that reason, I suggest most traders use defined risk positions. One standard deviation, five-dollar-wide iron condors set up well and can be made narrower to take on more risk. Directional spreads are also set up well and more deltas can be added to take on more risk.
https://www.tastylive.com/news-insights/top-10-stocks-to-watch-december-2023