Deep-pocketed investors have adopted a bullish approach towards Intuit INTU, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in INTU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Intuit. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $94,946, and 9 are calls, amounting to $1,375,061.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $540.0 to $680.0 for Intuit over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Intuit's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intuit's whale trades within a strike price range from $540.0 to $680.0 in the last 30 days.
Intuit Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BULLISH | 06/20/25 | $640.00 | $879.3K | 845 | 75 |
| INTU | CALL | TRADE | BEARISH | 01/17/25 | $640.00 | $104.6K | 55 | 0 |
| INTU | CALL | TRADE | NEUTRAL | 06/20/25 | $640.00 | $92.7K | 845 | 100 |
| INTU | CALL | SWEEP | BULLISH | 06/20/25 | $640.00 | $92.6K | 845 | 87 |
| INTU | CALL | TRADE | NEUTRAL | 04/19/24 | $540.00 | $58.2K | 150 | 5 |
About Intuit
Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.
Intuit's Current Market Status
- With a volume of 469,482, the price of INTU is up 1.96% at $650.83.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 8 days.
Professional Analyst Ratings for Intuit
2 market experts have recently issued ratings for this stock, with a consensus target price of $689.0.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Intuit, targeting a price of $678.
- An analyst from Keybanc has decided to maintain their Overweight rating on Intuit, which currently sits at a price target of $700.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Intuit with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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