A whale with a lot of money to spend has taken a noticeably bearish stance on Trade Desk.
Looking at options history for Trade Desk TTD we detected 14 strange trades.
If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $631,137 and 8, calls, for a total amount of $705,055.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $78.0 to $140.0 for Trade Desk over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $78.0 to $140.0 in the last 30 days.
Trade Desk Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTD | CALL | TRADE | BEARISH | 01/19/24 | $140.00 | $420.0K | 4.9K | 4.2K |
| TTD | PUT | SWEEP | BEARISH | 08/18/23 | $80.00 | $193.2K | 3.1K | 1.6K |
| TTD | PUT | SWEEP | BEARISH | 08/18/23 | $80.00 | $176.6K | 3.1K | 3.5K |
| TTD | PUT | SWEEP | BEARISH | 08/18/23 | $80.00 | $140.3K | 3.1K | 1.6K |
| TTD | CALL | SWEEP | BEARISH | 01/19/24 | $95.00 | $78.5K | 1.5K | 100 |
Where Is Trade Desk Standing Right Now?
- With a volume of 2,266,294, the price of TTD is up 0.94% at $84.01.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 13 days.
What The Experts Say On Trade Desk:
- Redburn Partners downgraded its action to Sell with a price target of $34
- Needham downgraded its action to Buy with a price target of $80
- Needham has decided to maintain their Buy rating on Trade Desk, which currently sits at a price target of $100.
- Needham downgraded its action to Buy with a price target of $80
- Morgan Stanley has decided to maintain their Overweight rating on Trade Desk, which currently sits at a price target of $105.
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.
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