Trade Desk's Options Frenzy: What You Need to Know

Deep-pocketed investors have adopted a bearish approach towards Trade Desk TTD, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TTD usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Trade Desk. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 22% leaning bullish and 77% bearish. Among these notable options, 3 are puts, totaling $580,250, and 6 are calls, amounting to $407,608.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $140.0 for Trade Desk, spanning the last three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Trade Desk's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Trade Desk's whale trades within a strike price range from $70.0 to $140.0 in the last 30 days.

Trade Desk 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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%.

After a thorough review of the options trading surrounding Trade Desk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Trade Desk Standing Right Now?

• Currently trading with a volume of 621,329, the TTD's price is up by 0.25%, now at $85.64.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 68 days.

Expert Opinions on Trade Desk

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $100.4.

• An analyst from Stifel persists with their Buy rating on Trade Desk, maintaining a target price of $100.
• Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Trade Desk with a target price of $107.
• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Trade Desk with a target price of $100.
• An analyst from Stephens & Co. downgraded its action to Overweight with a price target of $85.
• Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Trade Desk with a target price of $110.

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.