What the Options Market Tells Us About Toll Brothers

Whales with a lot of money to spend have taken a noticeably bullish stance on Toll Brothers.

Looking at options history for Toll Brothers TOL we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $244,007 and 3, calls, for a total amount of $95,400.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $120.0 for Toll Brothers over the last 3 months.

Insights into 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 Toll Brothers's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Toll Brothers's substantial trades, within a strike price spectrum from $90.0 to $120.0 over the preceding 30 days.

Toll Brothers Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
TOL PUT SWEEP NEUTRAL 09/20/24 $9.2 $8.8 $9.0 $120.00 $50.3K 109 115
TOL PUT TRADE BULLISH 09/20/24 $9.4 $9.0 $9.12 $120.00 $50.1K 109 329
TOL PUT SWEEP BEARISH 09/20/24 $9.2 $8.9 $9.1 $120.00 $50.1K 109 170
TOL PUT SWEEP BULLISH 09/20/24 $9.2 $8.8 $8.91 $120.00 $48.1K 109 438
TOL PUT SWEEP BEARISH 09/20/24 $9.3 $8.9 $9.24 $120.00 $45.2K 109 219

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

Current Position of Toll Brothers

  • Trading volume stands at 351,556, with TOL's price down by -1.52%, positioned at $116.99.
  • RSI indicators show the stock to be may be approaching oversold.
  • Earnings announcement expected in 74 days.

What The Experts Say On Toll Brothers

In the last month, 5 experts released ratings on this stock with an average target price of $126.6.

  • An analyst from Wedbush downgraded its action to Neutral with a price target of $105.
  • An analyst from Argus Research has decided to maintain their Buy rating on Toll Brothers, which currently sits at a price target of $140.
  • An analyst from Wells Fargo persists with their Overweight rating on Toll Brothers, maintaining a target price of $150.
  • An analyst from Barclays has decided to maintain their Underweight rating on Toll Brothers, which currently sits at a price target of $118.
  • An analyst from Wedbush persists with their Neutral rating on Toll Brothers, maintaining a target price of $120.

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.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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