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 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $238,530 and 8, calls, for a total amount of $327,783.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $103.0 for Trade Desk over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Trade Desk's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Trade Desk's substantial trades, within a strike price spectrum from $30.0 to $103.0 over the preceding 30 days.
Trade Desk Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTD | PUT | TRADE | BEARISH | 06/21/24 | $80.00 | $74.9K | 2.6K | 100 |
| TTD | CALL | SWEEP | BULLISH | 04/19/24 | $77.50 | $70.5K | 712 | 305 |
| TTD | PUT | SWEEP | BULLISH | 03/28/24 | $78.00 | $60.0K | 145 | 511 |
| TTD | CALL | TRADE | BULLISH | 05/17/24 | $82.50 | $54.5K | 556 | 102 |
| TTD | CALL | TRADE | BULLISH | 04/19/24 | $77.50 | $43.0K | 712 | 39 |
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, and social) on different devices like computers, smartphones, 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.
Having examined the options trading patterns of Trade Desk, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Trade Desk's Current Market Status
- With a trading volume of 1,783,711, the price of TTD is up by 1.53%, reaching $79.55.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 50 days from now.
What Analysts Are Saying About Trade Desk
In the last month, 1 experts released ratings on this stock with an average target price of $100.0.
- In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $100.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Trade Desk options trades with real-time alerts from Benzinga Pro.
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