If you haven`t sold TTD on this bearish chart pattern:
Then analyzing the options chain and the chart patterns of TTD The Trade Desk prior to the earnings report this week, I would consider purchasing the 75usd strike price Puts with an expiration date of 2023-11-10, for a premium of approximately $3.60. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
TTD traded at $60.40 after earnings and considering the strike price and the premium paid, those puts must have been up 4X at expiration.
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