Market Whales and Their Recent Bets on TOST Options

High-rolling investors have positioned themselves bearish on Toast TOST, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TOST often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 10 options trades for Toast. This is not a typical pattern.

The sentiment among these major traders is split, with 30% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $90,200, and 9 calls, totaling $252,497.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $25.0 to $43.0 for Toast over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Toast's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Toast's whale trades within a strike price range from $25.0 to $43.0 in the last 30 days.

Toast Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Toast

Toast is a us-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 127,000 restaurant locations across the United States as of September 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.

Present Market Standing of Toast

• With a trading volume of 916,734, the price of TOST is up by 0.63%, reaching $38.51.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 64 days from now.

Expert Opinions on Toast

5 market experts have recently issued ratings for this stock, with a consensus target price of $41.6.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Compass Point lowers its rating to Buy with a new price target of $49. * An analyst from Keefe, Bruyette & Woods has decided to maintain their Market Perform rating on Toast, which currently sits at a price target of $40. * An analyst from DA Davidson has revised its rating downward to Neutral, adjusting the price target to $38. * In a cautious move, an analyst from Exane BNP Paribas downgraded its rating to Neutral, setting a price target of $37. * An analyst from DA Davidson persists with their Buy rating on Toast, maintaining a target price of $44.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Toast with Benzinga Pro for real-time alerts.