Check Out What Whales Are Doing With TTD

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 11 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 54% leaning bullish and 45% bearish. Among these notable options, 8 are puts, totaling $479,338, and 3 are calls, amounting to $120,755.

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 $50.0 to $85.0 for Trade Desk over the last 3 months.

Insights into Volume & Open Interest

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 $50.0 to $85.0 in the last 30 days.

Trade Desk Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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, native, and social) on different devices like computers, smartphones, digital out of home, 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. The Trade Desk became a public company in 2016 and has since increased revenue at a 43% average annual rate. During that period, it has been profitable with operating margins of 10%-28%.

Current Position of Trade Desk

• Currently trading with a volume of 4,662,249, the TTD's price is up by 1.39%, now at $68.57.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 91 days.

Expert Opinions on Trade Desk

5 market experts have recently issued ratings for this stock, with a consensus target price of $85.8.

• Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Trade Desk, targeting a price of $80.
• An analyst from Piper Sandler has decided to maintain their Overweight rating on Trade Desk, which currently sits at a price target of $80.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for Trade Desk, targeting a price of $90.
• An analyst from Keybanc persists with their Overweight rating on Trade Desk, maintaining a target price of $84.
• Reflecting concerns, an analyst from Loop Capital lowers its rating to Buy with a new price target of $95.

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.