Toast Options Trading: A Deep Dive into Market Sentiment

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

And retail traders should know.

We noticed this today when the positions 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.

Today, Benzinga's options scanner spotted 10 options trades for Toast.

This isn't normal.

The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $68,320, and 9, calls, for a total amount of $579,448.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $23.0 for Toast over the last 3 months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Toast options trades today is 1513.17 with a total volume of 4,291.00.

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 $5.0 to $23.0 over the last 30 days.

Toast 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Toast

Toast is a U.S.-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 99,000 restaurant locations across the United States at the end of September 2023. 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 $92 billion in gross platform volume in 2022. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.

Having examined the options trading patterns of Toast, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Toast's Current Market Status

• With a volume of 6,659,083, the price of TOST is up 0.52% at $17.54.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 17 days.

What The Experts Say On Toast

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $24.0.

• Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Toast with a target price of $24.
• An analyst from Goldman Sachs has elevated its stance to Buy, setting a new price target at $24.

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.