TTD AI Analysis Reports

Neutral with a slight bullish pinning bias toward $23.00 (max pain). Confidence: 5.5/10. The market is pinned near-term

**Primary thesis:** Multi-week pin at $23 within a longer-term bearish drift. **Invalidation:** Close below $19.50. The regime favors **selling high IV premium with defined risk** (put spreads) and **

Attractiveness: 7/10

Sell defined-risk put spreads near OI support, targeting 30-45 DTE.

Bearish

Spot breaks below $20.50 support and net premium remains negative >$10M

Earnings expected around 5/7 (implied by IV kink at 5/8). IV is extremely elevated (81% for May expirations), creating a

IV term structure shows a massive kink at the 5/8 expiration (81% vs ~61% for April), strongly implying earnings between 5/1 and 5/8.