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Deep-pocketed investors have adopted a bearish approach towards Trade Desk (NASDAQ: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 9 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 22% leaning bullish and 77% bearish. Among these notable options, 3 are puts, totaling $580,250, and 6 are calls, amounting to $407,608.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $140.0 for Trade Desk, spanning the last three months.
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 $70.0 to $140.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
TTD | PUT | SWEEP | BEARISH | 05/17/24 | $82.50 | $516.6K | 20 | 2 |
TTD | CALL | SWEEP | BULLISH | 06/21/24 | $70.00 | $93.7K | 1.2K | 0 |
TTD | CALL | SWEEP | BULLISH | 05/17/24 | $87.50 | $93.6K | 0 | 159 |
TTD | CALL | SWEEP | BEARISH | 10/18/24 | $90.00 | $72.1K | 47 | 137 |
TTD | CALL | SWEEP | BEARISH | 10/18/24 | $90.00 | $62.1K | 47 | 0 |
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.
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $100.4.
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.
Posted In: TTD