Spotlight on Trade Desk: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Trade Desk (NASDAQ:TTD) has seen a surge in options activity, with a significant bearish sentiment among big-money investors. The options trades are split 75% bearish and 25% bullish, with a predicted price range of $50 to $115. Analysts have mixed ratings, with target prices ranging from $110 to $135.
September 20, 2024 | 8:32 pm
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Trade Desk is experiencing unusual options activity with a bearish sentiment from big-money investors. The options trades are 75% bearish, indicating potential downward pressure on the stock. Analysts have mixed ratings, with target prices ranging from $110 to $135.
The significant bearish sentiment in options trading suggests that investors expect a potential decline in Trade Desk's stock price. The mixed analyst ratings and target prices indicate uncertainty about the stock's future performance. The high volume of options activity and the bearish sentiment are likely to exert downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100