Financial giants have made a conspicuous bullish move on Trade Desk. Our analysis of options history for Trade Desk TTD revealed 18 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $1,030,165, and 7 were calls, valued at $331,295.
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 $50.0 and $140.0 for Trade Desk, spanning the last three months.
Insights into Volume & Open Interest
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 $50.0 to $140.0, over the past month.
Trade Desk Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTD | PUT | SWEEP | BEARISH | 09/20/24 | $7.3 | $7.25 | $7.3 | $97.50 | $146.0K | 358 | 606 |
| TTD | PUT | TRADE | BULLISH | 09/20/24 | $7.3 | $7.15 | $7.2 | $97.50 | $144.0K | 358 | 1.0K |
| TTD | PUT | TRADE | BEARISH | 09/20/24 | $7.2 | $7.15 | $7.2 | $97.50 | $143.2K | 358 | 406 |
| TTD | CALL | SWEEP | BULLISH | 06/21/24 | $29.45 | $28.7 | $29.45 | $70.00 | $132.5K | 1.2K | 0 |
| TTD | PUT | SWEEP | BEARISH | 09/20/24 | $7.3 | $7.2 | $7.25 | $97.50 | $130.5K | 358 | 1.4K |
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.
In light of the recent options history for Trade Desk, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Trade Desk's Current Market Status
- Currently trading with a volume of 1,632,800, the TTD's price is up by 1.8%, now at $99.44.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 50 days.
What Analysts Are Saying About Trade Desk
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $110.0.
- In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $110.
- An analyst from Piper Sandler has decided to maintain their Overweight rating on Trade Desk, which currently sits at a price target of $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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
