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 15 strange trades.
If we consider the specifics of each trade, it is accurate to state that 6% of the investors opened trades with bullish expectations and 93% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $452,612 and 7, calls, for a total amount of $316,577.
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 $75.0 to $95.0 for Trade Desk over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Trade Desk options trades today is 1345.44 with a total volume of 11,795.00.
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 $75.0 to $95.0 over 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 | PUT | SWEEP | BEARISH | 08/11/23 | $80.00 | $204.2K | 694 | 845 |
| TTD | CALL | TRADE | NEUTRAL | 10/20/23 | $75.00 | $84.9K | 2.5K | 59 |
| TTD | PUT | SWEEP | BEARISH | 10/20/23 | $95.00 | $48.9K | 296 | 36 |
| TTD | PUT | SWEEP | BEARISH | 08/11/23 | $80.00 | $43.3K | 694 | 3.7K |
| TTD | CALL | SWEEP | BEARISH | 08/11/23 | $95.00 | $42.9K | 2.5K | 1.1K |
Where Is Trade Desk Standing Right Now?
- With a volume of 833,322, the price of TTD is up 0.45% at $85.22.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 2 days.
What The Experts Say On Trade Desk:
- BTIG upgraded its action to Buy with a price target of $103
- Needham downgraded its action to Buy with a price target of $80
- Redburn Partners downgraded its action to Sell with a price target of $34
- Keybanc has decided to maintain their Overweight rating on Trade Desk, which currently sits at a price target of $100.
- New Street Research downgraded its action to Sell with a price target of $69
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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