Investors with significant funds have taken a bullish position in Intuit INTU, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in INTU usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 11 options transactions for Intuit. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 45% being bullish and 27% bearish. Of all the options we discovered, 10 are puts, valued at $583,662, and there was a single call, worth $172,500.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $600.0 to $670.0 for Intuit during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Intuit's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Intuit's significant trades, within a strike price range of $600.0 to $670.0, over the past month.
Intuit Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BULLISH | 09/20/24 | $57.5 | $56.7 | $57.5 | $600.00 | $172.5K | 293 | 0 |
| INTU | PUT | SWEEP | BEARISH | 12/20/24 | $51.1 | $50.6 | $50.8 | $650.00 | $81.2K | 45 | 17 |
| INTU | PUT | TRADE | NEUTRAL | 12/20/24 | $51.1 | $50.5 | $50.8 | $650.00 | $71.1K | 45 | 126 |
| INTU | PUT | TRADE | NEUTRAL | 12/20/24 | $50.7 | $50.0 | $50.4 | $650.00 | $70.5K | 45 | 98 |
| INTU | PUT | TRADE | BEARISH | 12/20/24 | $50.4 | $49.9 | $50.2 | $650.00 | $70.2K | 45 | 140 |
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 US market share for small-business accounting and do-it-yourself tax-filing software.
Following our analysis of the options activities associated with Intuit, we pivot to a closer look at the company's own performance.
Present Market Standing of Intuit
- With a trading volume of 306,872, the price of INTU is up by 2.25%, reaching $641.51.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 9 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Intuit, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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