On CNBC's "Options Action," Dan Nathan spoke about unusually high options activity in Toll Brothers Inc TOL on Monday. He said total options volume was 15 times the average daily options volume and most of that volume was in calls.
When the stock was trading at $39, there were buyers of 8,000 contracts of the Oct. $41 calls for 43 cents, said Nathan. The trade breaks even at $41.43 or around 2.75% above the current stock price.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in