Earlier in today’s trading session a trader bought 16,000 TOL
Sep 37 calls for $3.95. Over 20,000 contracts have now traded on that line and today’s option volume
is now nearly 8 times the average daily option volume
in the name. With stock trading well above the Ichimoku Cloud
and the future cloud sloping upward we believe that TOL
is setting up well for a long position.