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 in TOL 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.
Comments
BitcoinMedusa
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Dear Andrew, So happy to see you here at TradingView! I have followed your outreach for the last couple of years, enjoying the tweets and your blog. Looking forward to your charts and comments with the same enthusiasm, Sincerely, BeautyBubble aka Chart.Chat.Connect.
bekkerm
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Although I agree with your analysis on Ichimoku, the weekly and monthly chart shows that is has resistance at current level. I believe TOL should have a close above say 37 to invalidate the resistance. Thanks fot the catch here, but I will wait to see if there is sufficient momentum to run through the month resistance level