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  • Swing Trade Idea (TTD) – November 30, 2023

    Nov 30, 2023 Swing Options Tips Comments Off on Swing Trade Idea (TTD) – November 30, 2023

    Our bullish trade for Thursday, November 30th is Trade Desk Inc. (TTD). TTD is part of the Technology Sector, which has performed at 0.51% over the last week, with TTD overperforming at 6.86% over the same period.

    TTD is resuming its bullish trend following a pullback from overbought levels. As it broke above a key area of $70 and had improving earnings over the last few quarters, we believe that our bullish bias on this trade is confirmed. We will play a bullish Credit Spread that collects over 36% of the width.

    As a close, if TTD were to trade below $68 for multiple days, this would invalidate our analysis and we will consider cutting losses on the trade. We will also consider cutting losses on this options trade if the value of the vertical spread moves above $3.60.

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