Whales with a lot of money to spend have taken a noticeably bullish stance on Trade Desk.
Looking at options history for Trade Desk TTD we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $60,810 and 7, calls, for a total amount of $517,602.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $67.5 to $80.0 for Trade Desk over the recent three months.
Insights into Volume & Open Interest
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 $67.5 to $80.0, over the past month.
Trade Desk 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTD | CALL | SWEEP | BEARISH | 07/19/24 | $75.00 | $328.8K | 147 | 423 |
| TTD | CALL | TRADE | BULLISH | 01/17/25 | $80.00 | $41.4K | 1.6K | 52 |
| TTD | CALL | TRADE | NEUTRAL | 04/19/24 | $70.00 | $36.4K | 539 | 68 |
| TTD | PUT | TRADE | BEARISH | 06/21/24 | $70.00 | $33.0K | 730 | 0 |
| TTD | CALL | SWEEP | BULLISH | 01/12/24 | $69.00 | $30.0K | 180 | 232 |
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%.
Having examined the options trading patterns of Trade Desk, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Trade Desk
- Trading volume stands at 1,234,129, with TTD's price down by -0.81%, positioned at $68.76.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 41 days.
Expert Opinions on Trade Desk
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $83.2.
- An analyst from HSBC has revised its rating downward to Buy, adjusting the price target to $83.
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.
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