Looking At Trade Desk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Trade Desk (NASDAQ:TTD) has been spotted, with 11 unusual options trades detected. The sentiment of these big-money traders is 27% bullish and 72% bearish, targeting a price range of $30 to $80 for Trade Desk over the last 3 months.
June 01, 2023 | 5:05 pm
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NEGATIVE IMPACT
A large bearish position has been detected in Trade Desk (NASDAQ:TTD) with 11 unusual options trades. The sentiment of these big-money traders is 27% bullish and 72% bearish, targeting a price range of $30 to $80 for Trade Desk over the last 3 months.
The detection of a large bearish position in Trade Desk's options trading indicates that big-money traders are expecting the stock price to decline in the short term. With a 72% bearish sentiment among these traders, it is likely that the stock price will be negatively impacted in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100