Whales with a lot of money to spend have taken a noticeably bearish stance on Trade Desk.

Looking at options history for Trade Desk (NASDAQ:TTD) we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $132,000 and 9, calls, for a total amount of $603,182.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $87.5 for Trade Desk over the last 3 months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $60.0 to $87.5 in the last 30 days.

Trade Desk Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About Trade Desk

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.

Trade Desk's Current Market Status

• With a volume of 773,303, the price of TTD is down -2.67% at $78.65.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 19 days.

What The Experts Say On Trade Desk

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $100.0.

• An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $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.