Quantcha now offering unlimited commission-free options trading.
Quantchabot has detected a promising Bull Call Spread trade opportunity for THE TRADE DESK INC. CLASS A COMMON STOCK (TTD) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
TTD was recently trading at $545.00 and has an implied volatility of 52.54% for this period. Based on an analysis of the options available for TTD expiring on 16-Jul-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $545.08-$671.34 at expiration. In this scenario, the average linear return for the trade would be 73.50%.
Big 7.05% Change: After closing the last trading session at $509.10, THE TRADE DESK INC. CLASS A COMMON STOCK opened today at $516.00 and has reached a high of $545.99.
Trade approach: A movement as big as 7.05% is a significantly bullish indicator, so this trade is designed to be profitable if TTD maintains its current direction and does not revert back to pricing on the bearish side of $545.00 on 16-Jul-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if THE TRADE DESK INC. CLASS A COMMON STOCK closes at or above $542.70 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.84% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.