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Investors with a lot of money to spend have taken a bearish stance on Trade Desk (NASDAQ:TTD).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TTD, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Trade Desk.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 58%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $221,984, and 8 are calls, for a total amount of $337,576.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $110.0 for Trade Desk over the recent 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 $50.0 to $110.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
TTD | PUT | TRADE | BEARISH | 08/23/24 | $1.11 | $1.06 | $1.11 | $95.00 | $108.1K | 36 | 38 |
TTD | CALL | TRADE | BULLISH | 12/20/24 | $11.15 | $11.05 | $11.15 | $97.50 | $92.5K | 86 | 91 |
TTD | CALL | SWEEP | BEARISH | 01/17/25 | $50.15 | $49.7 | $49.7 | $50.00 | $49.7K | 524 | 30 |
TTD | PUT | SWEEP | NEUTRAL | 08/16/24 | $3.75 | $2.7 | $2.71 | $100.00 | $49.3K | 1.3K | 180 |
TTD | CALL | SWEEP | BEARISH | 08/16/24 | $2.8 | $2.33 | $2.48 | $97.00 | $43.6K | 710 | 201 |
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.
Following our analysis of the options activities associated with Trade Desk, we pivot to a closer look at the company's own performance.
In the last month, 5 experts released ratings on this stock with an average target price of $121.0.
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.
Posted In: TTD