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 16 strange trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 87% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $1,698,042 and 5, calls, for a total amount of $184,576.
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 $50.0 to $90.0 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 1552.4 with a total volume of 27,586.00.
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 $50.0 to $90.0 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 | TRADE | BEARISH | 11/17/23 | $75.00 | $961.8K | 593 | 7.9K |
| TTD | PUT | SWEEP | BEARISH | 11/17/23 | $75.00 | $159.5K | 593 | 2.8K |
| TTD | PUT | SWEEP | BEARISH | 11/17/23 | $75.00 | $139.0K | 593 | 663 |
| TTD | PUT | SWEEP | BEARISH | 11/17/23 | $75.00 | $68.3K | 593 | 1.2K |
| TTD | PUT | SWEEP | BEARISH | 11/17/23 | $75.00 | $68.3K | 593 | 1.8K |
Where Is Trade Desk Standing Right Now?
- With a volume of 965,239, the price of TTD is up 0.52% at $85.6.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 28 days.
What The Experts Say On Trade Desk:
- UBS downgraded its action to Buy with a price target of $100
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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