Check Out What Whales Are Doing With TOL

Investors with a lot of money to spend have taken a bearish stance on Toll Brothers TOL.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TOL, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Toll Brothers.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $280,956, and 4 are calls, for a total amount of $299,565.

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What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $130.0 for Toll Brothers during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Toll Brothers's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Toll Brothers's substantial trades, within a strike price spectrum from $105.0 to $130.0 over the preceding 30 days.

Toll Brothers 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

About Toll Brothers

Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.

In light of the recent options history for Toll Brothers, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Toll Brothers's Current Market Status

• With a trading volume of 614,837, the price of TOL is up by 0.57%, reaching $110.48.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 88 days from now.

What Analysts Are Saying About Toll Brothers

In the last month, 4 experts released ratings on this stock with an average target price of $113.5.

• Reflecting concerns, an analyst from Wedbush lowers its rating to Neutral with a new price target of $87.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Toll Brothers, targeting a price of $96.
• Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Toll Brothers, targeting a price of $130.
• An analyst from Oppenheimer has decided to maintain their Outperform rating on Toll Brothers, which currently sits at a price target of $141.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Toll Brothers with Benzinga Pro for real-time alerts.