Benzinga | Jan 10, 2022 02:03PM EST

Check Out What Whales Are Doing With TTD

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 (NASDAQ:TTD) we detected 15 strange trades.

If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish.

From the overall spotted trades, 10 are puts, for a total amount of $533,986 and 5, calls, for a total amount of $181,422.

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 $65.0 to $96.0 for Trade Desk over the last 3 months.

Volume & Open Interest Development

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 $65.0 to $96.0 in the last 30 days.

Trade Desk Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestTTD PUT TRADE BEARISH 02/18/ $85.00 $150.0K 2.0K 160 22TTD PUT SWEEP BEARISH 04/14/ $70.00 $69.7K 1.7K 102 22TTD PUT TRADE BEARISH 01/28/ $80.00 $54.6K 233 170 22TTD PUT SWEEP BEARISH 02/18/ $70.00 $52.5K 2.6K 125 22TTD PUT TRADE BEARISH 02/18/ $80.00 $48.2K 1.3K 72 22

Where Is Trade Desk Standing Right Now?

* With a volume of 4,064,994, the price of TTD is down -0.01% at $78.93.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 38 days.

What The Experts Say On Trade Desk:

* Jefferies upgraded its action to Buy with a price target of $105

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.