Toll Brothers Unusual Options Activity For March 12

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 positions 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.

Today, Benzinga's options scanner spotted 12 options trades for Toll Brothers.

This isn't normal.

The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $32,040, and 11, calls, for a total amount of $456,240.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $123.0 for Toll Brothers over the recent three months.

Volume & Open Interest Development

In today's trading context, the average open interest for options of Toll Brothers stands at 507.75, with a total volume reaching 2,012.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Toll Brothers, situated within the strike price corridor from $80.0 to $123.0, throughout the last 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.

Following our analysis of the options activities associated with Toll Brothers, we pivot to a closer look at the company's own performance.

Toll Brothers's Current Market Status

• Currently trading with a volume of 1,383,265, the TOL's price is up by 2.41%, now at $122.17.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 70 days.

What Analysts Are Saying About Toll Brothers

In the last month, 5 experts released ratings on this stock with an average target price of $121.2.

• An analyst from Oppenheimer persists with their Outperform rating on Toll Brothers, maintaining a target price of $141.
• An analyst from Keefe, Bruyette & Woods persists with their Outperform rating on Toll Brothers, maintaining a target price of $135.
• An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $87.
• An analyst from Barclays has decided to maintain their Underweight rating on Toll Brothers, which currently sits at a price target of $115.
• Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Toll Brothers, targeting a price of $128.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Toll Brothers, Benzinga Pro gives you real-time options trades alerts.