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Spotlight on Trade Desk: Analyzing the Surge in Options Activity

Author: Benzinga Insights | April 19, 2024 12:16pm

Whales with a lot of money to spend have taken a noticeably bearish stance on Trade Desk.

Looking at options history for Trade Desk (NASDAQ:TTD) we detected 12 trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $132,000 and 9, calls, for a total amount of $603,182.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $87.5 for Trade Desk over the last 3 months.

Insights into Volume & Open Interest

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 $60.0 to $87.5 in the last 30 days.

Trade Desk Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
TTD CALL SWEEP BULLISH 04/19/24 $19.75 $19.5 $19.75 $60.00 $136.2K 389 1
TTD CALL SWEEP BULLISH 01/17/25 $11.3 $11.1 $11.3 $87.50 $102.8K 57 91
TTD CALL SWEEP BEARISH 06/21/24 $4.8 $4.7 $4.75 $85.00 $95.0K 3.3K 388
TTD CALL SWEEP BEARISH 06/21/24 $5.0 $4.95 $5.0 $85.00 $85.5K 3.3K 11
TTD PUT SWEEP BEARISH 04/19/24 $3.2 $3.0 $3.0 $82.00 $60.0K 1.5K 242

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.

Trade Desk's Current Market Status

  • With a volume of 773,303, the price of TTD is down -2.67% at $78.65.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 19 days.

What The Experts Say On Trade Desk

Over the past month, 1 industry analysts have shared their insights on this stock, proposing 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 trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Trade Desk options trades with real-time alerts from Benzinga Pro.

Posted In: TTD

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