Looking At Trade Desk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Trade Desk (NASDAQ:TTD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. The whales have been targeting a price range from $40.0 to $100.0 for Trade Desk over the last 3 months. Several financial institutions have maintained their positive ratings on Trade Desk, with price targets ranging from $92 to $100.
August 14, 2023 | 6:32 pm
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Unusual options activity indicates a significant bearish stance on Trade Desk. However, several financial institutions maintain positive ratings, with price targets from $92 to $100.
The bearish stance indicated by the unusual options activity could potentially drive the stock price down in the short term. However, the positive ratings and price targets from financial institutions suggest a positive outlook for the stock in the longer term. Therefore, the short term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100