Trade Desk Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Trade Desk (NASDAQ:TTD), as observed through 12 uncommon options trades. The sentiment is split with 33% bullish and 58% bearish. The trading activity suggests a price range of $50.0 to $110.0 for TTD over the next three months. Analysts maintain positive ratings with an average target price of $121.0.
August 12, 2024 | 7:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Trade Desk (NASDAQ:TTD) has seen significant bearish options activity, with 58% of the trades being bearish. This suggests that large investors are expecting a potential decline in the stock price. However, analysts maintain positive ratings with an average target price of $121.0.
The significant bearish options activity indicates that large investors are expecting a decline in TTD's stock price. Despite this, analysts maintain positive ratings, which could provide some support to the stock. The mixed signals suggest a cautious approach in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100