Trade Desk Unusual Options Activity For November 06
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 overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The mean open interest for Trade Desk options trades today is 709.62 with a total volume of 8,219.00. The price of TTD is down -2.86% at $76.82. Next earnings are expected to be released in 3 days.
November 06, 2023 | 6:31 pm
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Trade Desk has seen unusual options activity with a significant bearish stance taken by a large investor. The stock price is currently down -2.86% at $76.82.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential negative sentiment towards the stock. This, coupled with the current decrease in stock price, suggests a short-term negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100