Whales with a lot of money to spend have taken a noticeably bullish stance on Trade Desk.
Looking at options history for Trade Desk TTD we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $122,815 and 7, calls, for a total amount of $281,040.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $77.5 for Trade Desk over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Trade Desk's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Trade Desk's significant trades, within a strike price range of $55.0 to $77.5, over the past month.
Trade Desk Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTD | PUT | SWEEP | BULLISH | 03/15/24 | $70.00 | $64.4K | 2.8K | 335 |
| TTD | CALL | SWEEP | BULLISH | 01/17/25 | $62.50 | $63.0K | 96 | 40 |
| TTD | CALL | TRADE | BULLISH | 01/17/25 | $55.00 | $48.2K | 376 | 20 |
| TTD | CALL | SWEEP | BEARISH | 01/26/24 | $72.00 | $45.0K | 927 | 3.1K |
| TTD | PUT | TRADE | NEUTRAL | 03/15/24 | $70.00 | $33.3K | 2.8K | 394 |
About Trade Desk
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, native, and social) on different devices like computers, smartphones, digital out of home, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising. The Trade Desk became a public company in 2016 and has since increased revenue at a 43% average annual rate. During that period, it has been profitable with operating margins of 10%-28%.
Current Position of Trade Desk
- With a trading volume of 1,583,190, the price of TTD is up by 1.31%, reaching $70.3.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 22 days from now.
What The Experts Say On Trade Desk
In the last month, 2 experts released ratings on this stock with an average target price of $84.0.
- Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $88.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Trade Desk with a target price of $80.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Trade Desk, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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