Trade Desk Unusual Options Activity For October 26
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Trade Desk (NASDAQ:TTD) as evidenced by unusual options activity. The overall sentiment of big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $40.0 to $85.0 for Trade Desk over the last 3 months. The price of TTD is currently down -7.11% at $66.57. UBS and Loop Capital have downgraded their actions to Buy with price targets of $100 and $95 respectively.
October 26, 2023 | 2:47 pm
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Trade Desk has seen unusual options activity with a significant bearish stance. The price is currently down -7.11% at $66.57. UBS and Loop Capital have downgraded their actions to Buy with price targets of $100 and $95 respectively.
The unusual options activity indicates that a significant amount of money is being placed on the expectation that Trade Desk's stock price will decrease. This, combined with the current price decrease and the downgrades from UBS and Loop Capital, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100