Trade Desk's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Trade Desk (NASDAQ:TTD) has seen a significant bullish sentiment in its options trading, with 78% of traders showing bullish tendencies and a notable volume in both puts and calls. The options activity suggests a price target range of $80.0 to $140.0. The most noteworthy options trades include both bullish calls and bearish puts with various strike prices and expiration dates. Trade Desk's current market position shows a trading volume of 895,488, with a slight price increase of 0.7%, and an RSI indicating it may be approaching oversold territory. An earnings announcement is expected in 20 days, and an industry analyst from Needham has set a price target of $100 with a Buy rating.
April 18, 2024 | 6:04 pm
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POSITIVE IMPACT
Trade Desk's bullish options trading and analyst optimism, coupled with an upcoming earnings announcement, suggest potential short-term price movement.
The bullish sentiment in options trading, with a significant percentage of traders betting on the upside, combined with an analyst's Buy rating and a price target of $100, suggests a positive outlook for TTD. The upcoming earnings announcement adds to the potential for short-term price volatility, making TTD a stock to watch closely.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100