Option traders moderately bearish in Trade Desk with shares down 1.29%

Option traders moderately bearish in Trade Desk (TTD), with shares down 31c near $23.74. Options volume running well above average with 34k contracts traded and calls leading puts for a put/call ratio of 0.09, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 2.3 points near 97.75, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.46. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Trade Desk (TTD) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.