Investors with a lot of money to spend have taken a bearish stance on Toyota Motor TM.
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 TM, 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 9 uncommon options trades for Toyota Motor.
This isn't normal.
The overall sentiment of these big-money traders is split between 11% bullish and 88%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $123,920, and 7 are calls, for a total amount of $334,891.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $260.0 for Toyota Motor, spanning the last three months.
Analyzing 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 Toyota Motor's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Toyota Motor's substantial trades, within a strike price spectrum from $230.0 to $260.0 over the preceding 30 days.
Toyota Motor Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TM | CALL | TRADE | BEARISH | 04/19/24 | $240.00 | $107.1K | 759 | 136 |
| TM | PUT | SWEEP | BEARISH | 07/19/24 | $250.00 | $78.7K | 3 | 64 |
| TM | CALL | SWEEP | BEARISH | 04/19/24 | $260.00 | $52.8K | 1.2K | 476 |
| TM | CALL | SWEEP | BEARISH | 04/19/24 | $260.00 | $51.6K | 1.2K | 18 |
| TM | PUT | SWEEP | BULLISH | 01/17/25 | $230.00 | $45.2K | 170 | 0 |
About Toyota Motor
Founded in 1937, Toyota is one of the world's largest automakers, with 10.56 million units sold at retail in fiscal 2023 across its light-vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truckmaker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.
Having examined the options trading patterns of Toyota Motor, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Toyota Motor
- Trading volume stands at 244,664, with TM's price up by 1.93%, positioned at $251.48.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 48 days.
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 Toyota Motor with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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