Financial giants have made a conspicuous bullish move on Trade Desk. Our analysis of options history for Trade Desk TTD revealed 20 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $402,797, and 14 were calls, valued at $623,503.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $32.5 and $105.0 for Trade Desk, spanning the last three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Trade Desk's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Trade Desk's substantial trades, within a strike price spectrum from $32.5 to $105.0 over the preceding 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 | BULLISH | 01/19/24 | $85.00 | $166.4K | 87 | 80 |
| TTD | CALL | TRADE | BEARISH | 01/17/25 | $72.50 | $105.0K | 55 | 100 |
| TTD | CALL | SWEEP | BULLISH | 01/17/25 | $60.00 | $62.8K | 611 | 48 |
| TTD | PUT | SWEEP | BULLISH | 01/26/24 | $65.00 | $61.8K | 934 | 431 |
| TTD | CALL | TRADE | BULLISH | 03/15/24 | $65.00 | $57.4K | 302 | 101 |
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
Trade Desk's Current Market Status
- With a volume of 5,152,871, the price of TTD is down -1.05% at $66.26.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 29 days.
What The Experts Say On Trade Desk
In the last month, 3 experts released ratings on this stock with an average target price of $83.73333333333333.
- An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $88.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Trade Desk with a target price of $80.
- In a cautious move, an analyst from HSBC downgraded its rating to Buy, setting a price target of $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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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