Trade Desk Stock Poised to Pay Call Traders

Short sellers may be in for a squeeze

Jun 13, 2023 at 11:40 AM
facebook X logo linkedin


Subscribers to Schaeffer's Weekend Trader options recommendation service received this TTD commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

The shares of Trade Desk Inc (NASDAQ:TTD) crossed over and slightly pulled back to the $74 area after the company’s most recent quarterly report, which is a level that is 4,000% its initial public offering (IPO) return, and previously acted as resistance around earnings. The security also conquered the $66 region, which was a ceiling from February to late May, and is nearly double its 2022 close.

TTD Chart June 132023

This recent rally may squeeze short sellers, who would take more than four days to cover their bearish bets, at the stock’s average pace of trading. Meanwhile, total put open interest (OI) outweighs call OI.
 
It’s also worth noting that implied volatility (IV) for TTD stands at a 52-week low. Our recommended October call has a leverage ratio of 4.3, and will double on a 25.1% pop in the underlying shares.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI