Options traders are reacting to quarterly results from Toll Brothers and Bumble
Investors are reacting strongly to earnings reports from Toll Brothers Inc (NYSE:TOL) and Bumble Inc (NASDAQ:BMBL), sending both stocks sharply lower in early trading.
Toll Brothers shares are down 5.2% to trade at $115.57, after the homebuilder missed fiscal first-quarter expectations. The company reported profits $1.75 per share on $1.84 billion in revenue, both falling short of analyst estimates. Home deliveries also came in at 1,991 units, significantly below the forecasted 2,060.
The decline extends TOL’s 2025 losses to 8.8%, with the stock now down over 24% in the last three months and earlier slipping to its lowest level since July. The downturn also triggered a surge in options trading, with activity in the normally quiet pits spiking to eight times the average intraday volume. The most popular contract is the February 121-strike put.
Meanwhile, Bumble stock was last seen down 27.50% to trade at $5.87, after the online dating company announced a dismal fiscal first-quarter forecast. Meanwhile, Bumble's fourth-quarter results met earnings projections, while its revenue exceeded estimates.
BMBL is eyeing its worst single-session loss since August, and earlier gapped to its lowest level since then. The equity dropped 56.2% over the past year and is already down nearly 29% in 2025. So far today, 12,000 calls and 17,000 puts have exchanged hands. Traders are heavily favoring the February 6-strike put, where new positions are currently being opened.