Analysis

Understanding Options Activity at Toronto-Dominion Bank: An Overview

Published December 7, 2024

In recent trading activities, major financial players have shown a strong bullish sentiment toward Toronto-Dominion Bank (NYSE: TD). Our examination of the bank's options history has uncovered 10 distinct trades that stand out.

Upon further analysis, we observed that 50% of the traders were taking bullish positions, while 30% adopted a bearish stance. Among the trades identified, there were 2 put options valued at $67,556 and 8 call options with a total worth of $304,678.

Expected Price Range

Considering both the volume and open interest entailed in these contracts, it seems that significant investors have been focusing on price levels between $47.50 and $60.00 for Toronto-Dominion Bank over the past three months.

Trends in Volume and Open Interest

Focusing on the liquidity metrics, the average open interest for Toronto-Dominion Bank options trades currently sits at 1623.5, while the total trading volume is recorded at 2,091.00.

The chart below illustrates the progression of volume and open interest associated with both call and put options in the specified strike price range of $47.50 to $60.00 over the last 30 days.

Recent Options Activity

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

About Toronto-Dominion Bank

Toronto-Dominion Bank is one of Canada's principal banks, featuring three main divisions: Canadian retail banking, US retail banking, and wholesale banking. Its U.S. operations reach from Maine to Florida, demonstrating a robust presence, particularly in the Northeastern region. Additionally, the bank holds a 13% stake in Charles Schwab.

After examining the options activities linked to Toronto-Dominion Bank, it's important to assess the company's current market position.

Current Position of Toronto-Dominion Bank

  • Toronto-Dominion Bank is presently trading at a volume of 2,800,509 with shares priced at $51.94, reflecting a decline of -1.63%.
  • Relative Strength Index (RSI) readings suggest that the stock may be in an oversold condition.
  • An earnings release is anticipated within the next 83 days.

Expert Opinions on Toronto-Dominion Bank

In recent evaluations, a financial analyst issued recommendations with a consensus target price of $77.00 for this stock.

Unusual Options Activity Observed: Smart Money Is Shifting

Monitoring unusual options activity can help predict significant market movements. Understanding where larger investments are being directed can provide insight into trends. One analyst from RBC Capital has reaffirmed a Sector Perform rating for Toronto-Dominion Bank, maintaining a target price around $77.

While trading options carries inherent risks, it also presents opportunities for significant returns. Experienced traders often lessen these risks by committing to continuous learning, making strategic adjustments to their trades, and paying close attention to market trends. For ongoing updates on options trades for Toronto-Dominion Bank, many turn to real-time alert platforms.

Toronto-Dominion, Options, Trades