Deep-pocketed investors have adopted a bearish 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 13 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 30% leaning bullish and 69% bearish. Among these notable options, 3 are puts, totaling $137,983, and 10 are calls, amounting to $819,582.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $90.0 for Trade Desk over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Trade Desk options trades today is 1193.11 with a total volume of 4,939.00.
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 $40.0 to $90.0 over the last 30 days.
Trade Desk Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTD | CALL | SWEEP | BEARISH | 04/19/24 | $40.00 | $309.6K | 199 | 110 |
| TTD | CALL | SWEEP | BULLISH | 06/21/24 | $90.00 | $132.9K | 1.4K | 951 |
| TTD | CALL | SWEEP | BEARISH | 06/21/24 | $90.00 | $94.3K | 1.4K | 1.4K |
| TTD | CALL | TRADE | NEUTRAL | 02/16/24 | $60.00 | $71.6K | 1.3K | 77 |
| TTD | CALL | SWEEP | BULLISH | 06/21/24 | $90.00 | $62.4K | 1.4K | 354 |
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%.
After a thorough review of the options trading surrounding Trade Desk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Trade Desk Standing Right Now?
- With a volume of 3,207,885, the price of TTD is down -3.71% at $67.4.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 10 days.
What Analysts Are Saying About Trade Desk
In the last month, 2 experts released ratings on this stock with an average target price of $84.0.
- An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $88.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Trade Desk, targeting a price 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.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
