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 31 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 51% leaning bullish and 48% bearish. Among these notable options, 10 are puts, totaling $614,894, and 21 are calls, amounting to $3,874,609.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $90.0 for Trade Desk over the recent three months.
Volume & Open Interest Development
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 $90.0, over the past month.
Trade Desk Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTD | CALL | TRADE | BEARISH | 03/15/24 | $55.00 | $654.7K | 109 | 880 |
| TTD | CALL | SWEEP | BULLISH | 12/15/23 | $55.00 | $619.5K | 1.2K | 662 |
| TTD | CALL | TRADE | BEARISH | 03/15/24 | $55.00 | $520.5K | 109 | 380 |
| TTD | CALL | TRADE | BULLISH | 12/15/23 | $55.00 | $476.1K | 1.2K | 360 |
| TTD | CALL | TRADE | BULLISH | 12/15/23 | $72.00 | $372.0K | 1.7K | 6 |
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%.
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.
Current Position of Trade Desk
- With a trading volume of 2,756,349, the price of TTD is up by 1.34%, reaching $75.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 62 days from now.
Expert Opinions on Trade Desk
In the last month, 1 experts released ratings on this stock with an average target price of $80.0.
- Reflecting concerns, an analyst from Truist Securities lowers its rating to Buy with a new price target of $80.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Trade Desk options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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