TTD Trade on May 10, 2021 15:46 from Marius: Tradervue User Stock Trades.

Start of the week opening with some selling. Growth and technology area still weak. Earnings winding down.

Fundamental Analysis

TTD reported Q1 upside earnings and a 10-for-1 stock split. Business revenues primarily come from digital advertising which has been a concern recently due to many platforms preventing the use of tracking data. It reported a weaker revenue compared to other quarters and other competitors of 219.8M vs 217.3 Forward guidance hinted some uncertainty. A high valuation deflation theme has been playing during this earnings season with other technology high flyers. Mostly being seen with profit taking.

Quantitative Analysis

Intraday Fundamentals

RVOL 10.52
AVOL 826.78K
ATR 45.72
Short Float 3.81%
Shs Float 41.78M
Inst Own 68.60%
Market Cap 21.54B

Options Statistics + Tape Reading

SI 7.468
IV 68.27%
IVP 51%
P/C 0.709
VWAP 517.833

Order flow confirming momentum.

Options data stats/notes day prior to catalyst (n/a)

Options Positioning

OI 227
VOL 715
Delta .01
Theta -.14
Vega .01
Gamma .00
Prob T 1.33%
Prob ITM 0.65%
MMM +/- 47.456
IV Series 105.55%

Good liquidity but keeping in mind the share structure to identify movement characteristics of the stock. Binary and current market sentiment is being factored in as well.

Options data stats/notes day prior to catalyst (n/a)

Technical Analysis

Gap down over support with elevated RVOL and close at the LOD. Weak binary sentiment + weak growth/technology market sector sentiment. Profit taking them playing out on earnings. IV is in mid range.

500 key upper VPOC area test. Below AVWAP from 20Q1 ER. Also below AVWAP 20Q4 ER. Noting second day bounce with sector.

Trade/Risk Management & Review

Trade executed as planned. A+ setup with B execution. I sized in the trade at the aggressive end of the parameters seeing my set-up. Still need to factor in future capital allocation for the remainder of the week and or test close strikes with wings to re-fit into parameters. Will be re-thinking this going forward to grow as an intra week earnings trade.