Check Out What Whales Are Doing With TOST

Deep-pocketed investors have adopted a bullish approach towards Toast TOST, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in TOST usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 26 extraordinary options activities for Toast. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 69% leaning bullish and 30% bearish. Among these notable options, 20 are puts, totaling $1,136,741, and 6 are calls, amounting to $233,304.

Latest Startup Investment Opportunities:

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $16.0 to $27.0 for Toast during the past quarter.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Toast stands at 1155.67, with a total volume reaching 33,433.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Toast, situated within the strike price corridor from $16.0 to $27.0, throughout the last 30 days.

Toast Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

About Toast

Toast is a U.S.-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 99,000 restaurant locations across the United States at the end of September 2023. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $92 billion in gross platform volume in 2022. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.

Current Position of Toast

• With a volume of 1,946,661, the price of TOST is up 0.62% at $19.4.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 3 days.

What The Experts Say On Toast

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $23.5.

• An analyst from Redburn Atlantic has elevated its stance to Buy, setting a new price target at $28.
• Reflecting concerns, an analyst from RBC Capital lowers its rating to Sector Perform with a new price target of $19.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Toast options trades with real-time alerts from Benzinga Pro.