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, 2 are puts, for a total amount of $93,630 and 11, calls, for a total amount of $559,756.
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 $80.0 to $110.0 for Trade Desk over the last 3 months.
Volume & Open Interest Development
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 $80.0 to $110.0 in the last 30 days.
Trade Desk Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTD | CALL | SWEEP | BEARISH | 07/19/24 | $5.2 | $5.1 | $5.1 | $95.00 | $101.9K | 1.8K | 293 |
| TTD | CALL | SWEEP | BULLISH | 06/28/24 | $2.18 | $2.0 | $2.0 | $100.00 | $98.4K | 125 | 506 |
| TTD | CALL | SWEEP | BULLISH | 01/17/25 | $8.8 | $8.5 | $8.8 | $110.00 | $69.5K | 1.5K | 186 |
| TTD | PUT | TRADE | BEARISH | 07/19/24 | $4.35 | $4.3 | $4.35 | $95.00 | $65.2K | 1.3K | 275 |
| TTD | CALL | TRADE | BULLISH | 07/19/24 | $3.8 | $3.75 | $3.8 | $97.50 | $49.4K | 360 | 229 |
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
Current Position of Trade Desk
- Trading volume stands at 1,011,220, with TTD's price up by 0.21%, positioned at $92.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 75 days.
What Analysts Are Saying About Trade Desk
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $107.8.
- In a cautious move, an analyst from BMO Capital downgraded its rating to Outperform, setting a price target of $108.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Trade Desk, targeting a price of $112.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Trade Desk with a target price of $105.
- Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for Trade Desk, targeting a price of $104.
- An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $110.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Trade Desk with Benzinga Pro for real-time alerts.
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