Investors with a lot of money to spend have taken a bullish stance on Toyota Motor TM.
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 TM, 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 30 uncommon options trades for Toyota Motor.
This isn't normal.
The overall sentiment of these big-money traders is split between 80% bullish and 20%, bearish.
Out of all of the special options we uncovered, 28 are puts, for a total amount of $752,412, and 2 are calls, for a total amount of $77,250.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $180.0 to $190.0 for Toyota Motor 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 Toyota Motor'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 Toyota Motor's whale trades within a strike price range from $180.0 to $190.0 in the last 30 days.
Toyota Motor Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| TM | CALL | SWEEP | BULLISH | 12/15/23 | $180.00 | $38.6K | 68 | 121 |
| TM | CALL | SWEEP | BULLISH | 12/15/23 | $180.00 | $38.5K | 68 | 21 |
| TM | PUT | TRADE | BULLISH | 01/19/24 | $190.00 | $28.6K | 4.2K | 63 |
| TM | PUT | SWEEP | BULLISH | 01/19/24 | $190.00 | $28.4K | 4.2K | 273 |
| TM | PUT | SWEEP | BULLISH | 01/19/24 | $190.00 | $28.4K | 4.2K | 213 |
About Toyota Motor
Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.
After a thorough review of the options trading surrounding Toyota Motor, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Toyota Motor Standing Right Now?
- With a trading volume of 178,424, the price of TM is down by -1.82%, reaching $182.1.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 56 days from now.
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 Toyota Motor options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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