Behind the Scenes of Trade Desk's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Trade Desk (NASDAQ:TTD), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant puts and calls indicating a targeted price range of $80.0 to $100.0. Despite this, Trade Desk's stock is currently up 1.28% at $96.95. Analysts have mixed opinions, with price targets ranging from $100 to $120.
July 19, 2024 | 4:33 pm
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Trade Desk (NASDAQ:TTD) has seen significant bearish options activity, with 66% of the trades being puts. This suggests that investors are expecting a potential decline in the stock price. Despite this, the stock is currently up 1.28% at $96.95. Analysts have mixed opinions, with price targets ranging from $100 to $120.
The significant bearish options activity, with 66% of trades being puts, indicates that investors are expecting a potential decline in Trade Desk's stock price. This bearish sentiment is likely to impact the stock negatively in the short term. However, the stock is currently up, and analysts have mixed opinions, which adds some uncertainty to the overall impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100