Decoding Options Activity for Toronto-Dominion Bank: Key Insights
Recently, financial giants have made a strong bullish bet on Toronto-Dominion Bank (TD). A comprehensive review of TD's options activity has revealed an intriguing pattern among traders, highlighting 10 unusual trades.
In our detailed analysis, we discovered that around 50% of the traders displayed a bullish sentiment, while approximately 30% showed bearish inclinations. Specifically, among the trades examined, 2 were puts with a total value of $67,556, and 8 were calls, amounting to $304,678.
Predicted Price Range
Based on the analysis of volume and open interest in these options contracts, it appears that significant investors are targeting a price range between $47.50 and $60.00 for Toronto-Dominion Bank over the past three months.
Volume and Open Interest Development
In terms of liquidity, the average open interest for Toronto-Dominion Bank options trades today stands at 1,623.5, complemented by a total volume of 2,091. As depicted in the following charts, the development of volume and open interest for call and put options pertaining to Toronto-Dominion Bank's substantial trades has been tracked within a strike price range of $47.50 to $60.00 over the past month.
Options Activity Highlights:
Symbol | PUT/CALL | Trade Type | Sentiment | Expiration Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
TD | CALL | TRADE | BULLISH | 01/15/27 | $3.80 | $3.20 | $3.80 | $60.00 | $60.80K | 332 | 20 |
TD | CALL | SWEEP | BEARISH | 01/15/27 | $5.40 | $4.90 | $4.90 | $55.00 | $59.80K | 3.7K | 270 |
TD | PUT | TRADE | BEARISH | 07/18/25 | $1.80 | $1.60 | $1.75 | $47.50 | $35.00K | 29 | 200 |
TD | CALL | TRADE | NEUTRAL | 01/16/26 | $3.60 | $3.40 | $3.50 | $55.00 | $35.00K | 3.9K | 406 |
TD | CALL | TRADE | BULLISH | 01/16/26 | $3.60 | $3.10 | $3.45 | $55.00 | $34.50K | 3.9K | 306 |
Understanding Toronto-Dominion Bank
Toronto-Dominion Bank stands as one of the largest banks in Canada, divided into three primary business segments: Canadian retail banking, US retail banking, and wholesale banking. Its operations in the US stretch from Maine to Florida, emphasizing a robust presence in the Northeast. Additionally, the bank holds a 13% stake in Charles Schwab.
After evaluating the options activities linked to Toronto-Dominion Bank, it's also essential to review the bank's overall performance.
Current Position of Toronto-Dominion Bank
- Toronto-Dominion Bank is currently trading with a volume of 2,800,509, with its price down by 1.63%, now standing at $51.94.
- Relative Strength Index (RSI) indicators suggest that the stock may currently be oversold.
- The next earnings report is anticipated in 83 days.
Expert Insights on Toronto-Dominion Bank
In the past month, analysts have provided ratings for this stock, with an average target price set at $77.00. A notable expert from RBC Capital has maintained a Sector Perform rating for Toronto-Dominion Bank, aligning with the mentioned price target.
Detecting Unusual Options Activity: Smart Money at Play
Platforms that track unusual options activity offer insights on potential market movements. Traders looking to stay informed on significant positions taken by institutional investors can utilize real-time trading information.
options, trading, analysis