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 this is an institution or just a wealthy individual, 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 9 options trades for Toll Brothers.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $451,815, and there was 1 call, for a total amount of $63,750.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $120.0 for Toll Brothers, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Toll Brothers stands at 405.5, with a total volume reaching 1,900.00. 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 $100.0 to $120.0, throughout the last 30 days.
Toll Brothers Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TOL | PUT | SWEEP | BULLISH | 06/21/24 | $10.2 | $9.9 | $9.9 | $120.00 | $76.4K | 250 | 713 |
| TOL | PUT | SWEEP | BULLISH | 06/21/24 | $10.2 | $9.9 | $9.9 | $120.00 | $76.3K | 250 | 713 |
| TOL | PUT | SWEEP | BULLISH | 06/21/24 | $9.7 | $9.4 | $9.55 | $120.00 | $69.9K | 250 | 214 |
| TOL | CALL | TRADE | BEARISH | 01/17/25 | $25.8 | $25.3 | $25.5 | $100.00 | $63.7K | 561 | 0 |
| TOL | PUT | TRADE | BEARISH | 06/21/24 | $9.5 | $9.1 | $9.35 | $120.00 | $56.1K | 250 | 60 |
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
- Trading volume stands at 573,889, with TOL's price up by 0.08%, positioned at $113.51.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 33 days.
What Analysts Are Saying About Toll Brothers
2 market experts have recently issued ratings for this stock, with a consensus target price of $147.5.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Toll Brothers with a target price of $157.
- Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Toll Brothers, targeting a price of $138.
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.
© 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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