Financial giants made a dramatic bearish move on the Trade Desk. Our options history analysis for Trade Desk TTD revealed 32 unusual operations.
Digging into the details, we found that 43% of traders were bullish, while 56% showed bearish tendencies. Of all the trades we spotted, 8 were puts, worth $436,922, and 24 were calls, worth $1,377,951.
Expected price targets
Taking into account the volume and open interest on these contracts, it appears that whales have been targeting a price range between $55.0 and $110.0 per Trade Desk over the last 3 months.
Insights into volume and open interest
Examining volume and open interest provides crucial equity research insights. This information is critical to assessing liquidity and interest levels for Trade Desk options at certain strike prices. Below, we present a snapshot of trends in volume and open interest for calls and puts in significant Trade Desk trades, within a strike price range of $55.0 to $110.0, in ‘last month.
Trade Desk options volume and open interest in the last 30 days
Significant options trades detected:
| Symbol | PUT/CALL | Type of trade | Feeling | Exp. Date | Strike price | Total commercial price | Open interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TTD | PUT | SWEEP | BEARISH | 04/19/24 | $87.50 | $162.6K | 30 | 1.8K |
| TTD | CALL | SWEEP | NEUTRAL | 03/28/24 | $84.00 | $160.4K | 870 | 371 |
| TTD | CALL | SWEEP | BULLISH | 04/05/24 | $80.00 | $104.2k | 500 | 132 |
| TTD | CALL | SWEEP | BULLISH | 07/19/24 | $110.00 | $97.1k | 90 | 301 |
| TTD | CALL | SWEEP | BULLISH | 04/05/24 | $80.00 | $77.7K | 500 | 253 |
Information on the Trade Desk
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and buy digital advertising inventory (display, video, audio and social) across devices such as computers, smartphones and connected TVs. Use data to optimize the performance of purchased ad impressions. The company’s platform is referred to as a demand-side platform in the digital advertising industry. The company generates commission revenue based on a percentage of what its customers spend on advertising.
In light of the recent history of Trade Desk Options, it is now appropriate to focus on the company itself. Our goal is to explore its current performance.
Current state of the Trade Desk market
- With volume of 2,728,071, TTD price increased by 0.63% to $88.1.
- RSI indicators suggest that the underlying stock may be approaching overbought.
- The next earnings are expected to be released in 43 days.
What the Trade Desk analysts say
Over the past month, 1 industry analyst has shared their views on this stock, offering an average target price of $100.0.
- An analyst at Needham downgraded its stock to Buy with a $100 price target.
Options trading involves higher risks but also offers the potential for higher profits. More experienced traders mitigate these risks through ongoing education, strategic trading adjustments, use of various indicators, and compliance with market dynamics. Stay on top of the latest Trade Desk options trades with Benzinga Pro for real-time alerts.