Analysis

Understanding Toronto-Dominion Bank's Options Performance

Published December 7, 2024

Recent trading activity from major financial players indicates a significant bullish sentiment towards Toronto-Dominion Bank (NYSE: TD). An in-depth examination of the bank's options history identified ten noteworthy trades that stand out.

Upon analyzing these trades, we determined that approximately 50% of them favored a bullish stance, while 30% leaned towards a bearish outlook. Among the trades observed, 2 were identified as put options, totaling a value of $67,556, whereas 8 were call options with a cumulative value of $304,678.

Predicted Price Range

Considering the recent volume and open interest associated with these contracts, it's clear that institutional investors have set their sights on a price range for Toronto-Dominion Bank between $47.50 and $60.00 over the past three months.

Volume and Open Interest Trends

In terms of liquidity and interest in options, the average open interest for Toronto-Dominion Bank options stands at 1,623.5 with an overall trading volume of 2,091.00 today. This information allows us to track the changes in volume and open interest for both call and put options related to significant trading activity within the identified strike price range over the last 30 days.

Recent Options Activity Highlights

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
TD CALL TRADE BULLISH 01/15/27 $3.8 $3.2 $3.8 $60.00 $60.8K 332 20
TD CALL SWEEP BEARISH 01/15/27 $5.4 $4.9 $4.9 $55.00 $59.8K 3.7K 270
TD PUT TRADE BEARISH 07/18/25 $1.8 $1.6 $1.75 $47.50 $35.0K 29 200
TD CALL TRADE NEUTRAL 01/16/26 $3.6 $3.4 $3.5 $55.00 $35.0K 3.9K 406
TD CALL TRADE BULLISH 01/16/26 $3.6 $3.1 $3.45 $55.00 $34.5K 3.9K 306

Overview of Toronto-Dominion Bank

Toronto-Dominion Bank is recognized as one of the largest financial institutions in Canada. The bank operates across three primary sectors: Canadian retail banking, US retail banking, and wholesale banking. Notably, its US operations stretch from Maine to Florida, establishing a strong presence particularly in the Northeast region, along with a 13% interest in Charles Schwab.

Following our analysis of options activities tied to Toronto-Dominion Bank, it’s useful to assess the bank's current financial standing.

Current Performance of Toronto-Dominion Bank

  • As of now, Toronto-Dominion Bank is trading with a volume of 2,800,509 shares and has experienced a decline of -1.63%, pricing at $51.94.
  • Relative Strength Index (RSI) analysis indicates that the stock might be oversold.
  • An upcoming earnings report is anticipated in approximately 83 days.

Expert Opinions on Toronto-Dominion Bank

In the past month, analysts have provided insights on the stock, directing a rating with an average target price of $77.0.

Noteworthy Options Activity: Observing Market Movements

Monitoring unusual options activity can reveal potential shifts in market sentiments. This aids in recognizing what positions major investors are taking on notable stocks. One analyst from RBC Capital has decided to uphold their Sector Perform rating regarding Toronto-Dominion Bank, maintaining a price target of $77.

Trading options carries higher risks but also the possibility of enhanced rewards. Seasoned traders manage these risks by pursuing continuous learning, making strategic adjustments in trades, applying various analytical indicators, and remaining sensitive to market trends. For real-time notifications on options trades related to Toronto-Dominion Bank, it's beneficial to stay informed.

Toronto-Dominion, options, trading