Behind the Scenes of Toll Brothers's Latest Options Trends

Investors with a lot of money to spend have taken a bullish 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 8 uncommon options trades for Toll Brothers.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $127,188, and 4 are calls, for a total amount of $174,930.

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Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $130.0 for Toll Brothers over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Toll Brothers's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Toll Brothers's whale trades within a strike price range from $90.0 to $130.0 in the last 30 days.

Toll Brothers Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

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.

Having examined the options trading patterns of Toll Brothers, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Toll Brothers Standing Right Now?

• With a volume of 655,011, the price of TOL is up 0.72% at $117.76.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 78 days.

What Analysts Are Saying About Toll Brothers

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $122.0.

• Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Toll Brothers, targeting a price of $141.
• An analyst from Wells Fargo has decided to maintain their Overweight rating on Toll Brothers, which currently sits at a price target of $130.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Sell rating for Toll Brothers, targeting a price of $96.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Toll Brothers with a target price of $128.
• Maintaining their stance, an analyst from Barclays continues to hold a Underweight rating for Toll Brothers, targeting a price of $115.

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 Toll Brothers options trades with real-time alerts from Benzinga Pro.