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 8 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 62% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $103,744, and 5 are calls, amounting to $168,220.
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 $92.5 for Trade Desk over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Trade Desk's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Trade Desk's whale activity within a strike price range from $67.5 to $92.5 in the last 30 days.
Trade Desk 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TTD | PUT | SWEEP | BULLISH | 09/20/24 | $13.75 | $13.6 | $13.65 | $92.50 | $43.6K | 55 | 0 |
| TTD | CALL | TRADE | BULLISH | 06/21/24 | $21.0 | $20.85 | $21.0 | $67.50 | $42.0K | 197 | 0 |
| TTD | CALL | TRADE | BULLISH | 04/19/24 | $9.35 | $9.0 | $9.28 | $77.50 | $37.1K | 674 | 1 |
| TTD | PUT | SWEEP | BEARISH | 09/20/24 | $13.65 | $13.55 | $13.65 | $92.50 | $32.7K | 55 | 38 |
| TTD | CALL | SWEEP | BEARISH | 05/03/24 | $3.85 | $3.75 | $3.8 | $87.00 | $32.3K | 106 | 1.2K |
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.
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
Present Market Standing of Trade Desk
- Trading volume stands at 1,250,417, with TTD's price up by 1.52%, positioned at $87.75.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 27 days.
Professional Analyst Ratings for 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 $100.0.
- Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $100.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Trade Desk with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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