Trade Desk Layer Out - Trade Alert (Patreon)

The Trade Desk jumps 16% on profit beat, $700M buyback program $TTD jumped 16% out of Wednesday's market open after beating profit expectations with its fourth-quarter earnings and announcing a $700M share buyback program.

Revenues grew 24% to $491M, a record, mostly in line with expectations.

The Share Buy Back will drive price up.  That being said, I have a position from an SL and cost basis is around $40.  Today TTD blew thru 2 of my layer-out levels. 

I will sell 20% of my holdings now at $64 (rem Cost Basis is $40) and another 20% when I see the TREND turn or when the buyback is over.   

My plan is to gradually harvest cash up until May 2023 and at that time I will hedge hard. 

NFA and not my plans may change. 

Note settings on LAYER OUT are all default.