Deep-pocketed investors have adopted a bullish 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 20 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 60% leaning bullish and 30% bearish. Among these notable options, 16 are puts, totaling $802,286, and 4 are calls, amounting to $156,510.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $110.0 to $170.0 for Trade Desk during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Trade Desk options trades today is 493.67 with a total volume of 5,958.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Trade Desk's big money trades within a strike price range of $110.0 to $170.0 over the last 30 days.
Trade Desk 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTD | PUT | TRADE | BULLISH | 02/21/25 | $8.0 | $7.8 | $7.8 | $120.00 | $155.2K | 55 | 0 |
| TTD | PUT | TRADE | BULLISH | 01/24/25 | $5.2 | $4.5 | $4.5 | $120.00 | $67.5K | 99 | 150 |
| TTD | PUT | SWEEP | BEARISH | 02/21/25 | $4.35 | $4.05 | $4.35 | $110.00 | $65.2K | 59 | 161 |
| TTD | PUT | TRADE | BULLISH | 02/21/25 | $8.6 | $8.5 | $8.5 | $120.00 | $63.7K | 55 | 312 |
| TTD | PUT | TRADE | NEUTRAL | 02/21/25 | $4.8 | $4.6 | $4.7 | $110.00 | $47.0K | 59 | 423 |
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.
Where Is Trade Desk Standing Right Now?
- Trading volume stands at 528,990, with TTD's price down by -2.3%, positioned at $122.14.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 52 days.
What The Experts Say On Trade Desk
In the last month, 4 experts released ratings on this stock with an average target price of $139.5.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $135. * In a cautious move, an analyst from Scotiabank downgraded its rating to Sector Outperform, setting a price target of $133. * An analyst from Truist Securities persists with their Buy rating on Trade Desk, maintaining a target price of $155. * An analyst from Wedbush downgraded its action to Outperform with a price target of $135.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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