Toast Unusual Options Activity

Investors with a lot of money to spend have taken a bullish stance on Toast TOST.

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 TOST, 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 14 uncommon options trades for Toast.

This isn't normal.

The overall sentiment of these big-money traders is split between 64% bullish and 21%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $231,145, and 9 are calls, for a total amount of $679,246.

Latest Startup Investment Opportunities:

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $26.5 to $30.0 for Toast during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Toast options trades today is 890.83 with a total volume of 24,611.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Toast's big money trades within a strike price range of $26.5 to $30.0 over the last 30 days.

Toast Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Toast

Toast is a US-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 112,000 restaurant locations across the United States at the end of March 2024. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $126 billion in gross platform volume in 2023. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.

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

Toast's Current Market Status

• Trading volume stands at 2,292,722, with TOST's price up by 0.54%, positioned at $27.14.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 78 days.

What The Experts Say On Toast

In the last month, 5 experts released ratings on this stock with an average target price of $25.8.

• An analyst from RBC Capital persists with their Sector Perform rating on Toast, maintaining a target price of $27.
• Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Toast, targeting a price of $21.
• Consistent in their evaluation, an analyst from Needham keeps a Buy rating on Toast with a target price of $30.
• An analyst from Piper Sandler has decided to maintain their Neutral rating on Toast, which currently sits at a price target of $25.
• Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Market Perform rating for Toast, targeting a price of $26.

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 Toast, Benzinga Pro gives you real-time options trades alerts.