Whales with a lot of money to spend have taken a noticeably bearish stance on Intuit.
Looking at options history for Intuit INTU we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $224,213 and 9, calls, for a total amount of $436,947.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $560.0 to $730.0 for Intuit over the recent three months.
Volume & Open Interest Development
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 $560.0 to $730.0, over the past month.
Intuit Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BULLISH | 11/22/24 | $5.1 | $4.2 | $4.8 | $730.00 | $120.0K | 5 | 451 |
| INTU | PUT | SWEEP | BEARISH | 12/19/25 | $89.7 | $87.2 | $89.6 | $720.00 | $71.6K | 4 | 10 |
| INTU | PUT | SWEEP | BEARISH | 12/19/25 | $94.7 | $91.5 | $94.7 | $730.00 | $66.2K | 9 | 11 |
| INTU | CALL | TRADE | BEARISH | 03/21/25 | $144.5 | $140.9 | $142.0 | $560.00 | $56.8K | 5 | 2 |
| INTU | CALL | SWEEP | BEARISH | 12/20/24 | $81.7 | $80.0 | $80.42 | $610.00 | $56.2K | 80 | 7 |
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.
Having examined the options trading patterns of Intuit, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Intuit
- Currently trading with a volume of 650,880, the INTU's price is down by -2.25%, now at $685.03.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 6 days.
Professional Analyst Ratings for Intuit
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $800.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Intuit, targeting a price of $800.
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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