TTD Trade Alert. This one is RISKY - but I wanted it. Not INV ADV (Patreon)
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Hi Team, I am breaking one of my rules by trading too much. Anyhow in full disclosure I just entered $TTD the trade desk at $651. It starred in my video yesterday and I disclosed fully when the MACD went GREEN I would enter well it did.
This is one that I've sold puts on before but never had calls as they were always TOO expensive.
This time I both sold the $600 puts for June 2022 as well as bought a $600 calls for June 2022. It is different to my normal at the Money Stance as I am now OOM for the Puts and ITM for the calls. My net debit is about $65 which is the exact Intrinsic Value of my call option (another ratio I use).
It bounced perfectly off my support line and I felt it was a good entry. The stock could be $900 within a year to year and a half. It was at $966 right before Xmas ie Dec 2020.
Note it could also go back down to $540. I know this space, I know the Google Cookie implications and what they are doing around UID.... so I believe TTD is well positioned to do well despite having a lofty PE ratio of 130. Sorry for rambling.