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 14 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 57% leaning bullish and 42% bearish. Among these notable options, 8 are puts, totaling $802,701, and 6 are calls, amounting to $515,857.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $62.5 to $140.0 for Trade Desk over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Trade Desk options trades today is 508.78 with a total volume of 4,386.00.
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 $62.5 to $140.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTD | PUT | SWEEP | BULLISH | 01/16/26 | $9.2 | $7.9 | $8.4 | $62.50 | $267.8K | 48 | 330 |
| TTD | PUT | SWEEP | BULLISH | 01/16/26 | $8.4 | $8.05 | $8.26 | $62.50 | $242.4K | 48 | 542 |
| TTD | CALL | SWEEP | BULLISH | 01/16/26 | $10.25 | $9.9 | $10.25 | $140.00 | $138.6K | 61 | 307 |
| TTD | PUT | SWEEP | BEARISH | 05/17/24 | $6.5 | $6.4 | $6.5 | $87.50 | $113.1K | 487 | 176 |
| TTD | CALL | SWEEP | BEARISH | 01/16/26 | $10.15 | $10.1 | $10.1 | $140.00 | $101.6K | 61 | 99 |
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, and social) on different devices like computers, smartphones, 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.
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 639,812, the price of TTD is up 0.94% at $87.76.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 34 days.
Expert Opinions on Trade Desk
In the last month, 1 experts released ratings on this stock with an average target price of $100.0.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $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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