Looking At Trade Desk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Trade Desk (NASDAQ:TTD), with 60% of recent trades being bullish and 40% bearish. The trades include 6 puts totaling $444,083 and 4 calls totaling $167,610. The targeted price range for Trade Desk over the last 3 months is $80.0 to $130.0. The current price of TTD is up 1.88% at $89.66. Needham has downgraded its action to Buy with a price target of $80.
July 17, 2023 | 3:31 pm
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POSITIVE IMPACT
Trade Desk has seen significant options activity, with a bullish stance from a major investor. The targeted price range is $80.0 to $130.0, while the current price is up 1.88% at $89.66. Needham has downgraded its action to Buy with a price target of $80.
The bullish stance from a major investor, along with the targeted price range and current price increase, suggest a positive short-term impact on Trade Desk's stock. However, the downgrade by Needham to a Buy with a price target of $80 could potentially limit the upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100