What Are Whales Doing With Trade Desk

What Are Whales Doing With Trade Desk

A whale with a lot of money to spend has taken a noticeably bearish stance on Trade Desk.

Looking at options history for Trade Desk TTD we detected 12 strange trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $173,468 and 7, calls, for a total amount of $271,600.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $85.0 for Trade Desk over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $45.0 to $85.0 in 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 Strike Price Total Trade Price Open Interest Volume
TTD CALL SWEEP BULLISH 01/20/23 $85.00 $68.0K 632 166
TTD CALL TRADE BEARISH 01/20/23 $45.00 $46.2K 284 31
TTD CALL TRADE NEUTRAL 01/19/24 $45.00 $42.0K 525 20
TTD PUT SWEEP NEUTRAL 10/21/22 $70.00 $41.5K 279 71
TTD PUT SWEEP BULLISH 01/20/23 $55.00 $39.9K 2.0K 31

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
TTD CALL SWEEP BULLISH 01/20/23 $85.00 $68.0K 632 166
TTD CALL TRADE BEARISH 01/20/23 $45.00 $46.2K 284 31
TTD CALL TRADE NEUTRAL 01/19/24 $45.00 $42.0K 525 20
TTD PUT SWEEP NEUTRAL 10/21/22 $70.00 $41.5K 279 71
TTD PUT SWEEP BULLISH 01/20/23 $55.00 $39.9K 2.0K 31

Where Is Trade Desk Standing Right Now?

  • With a volume of 4,175,136, the price of TTD is up 6.18% at $53.92.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 81 days.

What The Experts Say On Trade Desk:

  • Stifel upgraded its action to Buy with a price target of $80
  • Keybanc has decided to maintain their Overweight rating on Trade Desk, which currently sits at a price target of $55.
  • DA Davidson has decided to maintain their Buy rating on Trade Desk, which currently sits at a price target of $65.
  • RBC Capital has decided to maintain their Outperform rating on Trade Desk, which currently sits at a price target of $85.
  • Keybanc has decided to maintain their Overweight rating on Trade Desk, which currently sits at a price target of $90.

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 {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets