Looking At Trade Desk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Trade Desk (NASDAQ:TTD), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $70.0 to $105.0 for Trade Desk over the last 3 months. However, expert opinions vary, with some downgrading their action to Sell and others maintaining a Buy or Overweight rating.
July 31, 2023 | 5:45 pm
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NEUTRAL IMPACT
Trade Desk has seen unusual options activity, with a majority of investors bullish. However, expert opinions vary, with some downgrading their action to Sell and others maintaining a Buy or Overweight rating.
The unusual options activity indicates increased interest in the stock, which could lead to increased volatility. However, the mixed expert opinions create uncertainty about the stock's direction. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100