Looking At Trade Desk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Trade Desk (NASDAQ:TTD), with 72% of detected unusual options trades being bearish. Whales have been targeting a price range of $65 to $100 for Trade Desk over the last 3 months. The stock is currently down 1.36% at $73.86, and RSI indicators suggest it may be approaching overbought.
June 07, 2023 | 8:01 pm
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Trade Desk has seen a bearish stance from a whale, with 72% of unusual options trades being bearish. The stock is down 1.36% at $73.86, and RSI indicators suggest it may be approaching overbought.
The bearish stance taken by a whale in the options market indicates a negative sentiment towards Trade Desk. This, combined with the stock being down 1.36% and RSI indicators suggesting it may be approaching overbought, leads to a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100