Someone with a lot of money to spend has taken a bearish stance on Intuit INTU.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with INTU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $28,000, and 9, calls, for a total amount of $522,360.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $330.0 to $570.0 for Intuit during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intuit's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intuit's substantial trades, within a strike price spectrum from $330.0 to $570.0 over the preceding 30 days.
Intuit 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BEARISH | 12/15/23 | $500.00 | $173.0K | 159 | 0 |
| INTU | CALL | TRADE | BEARISH | 06/21/24 | $450.00 | $60.6K | 112 | 6 |
| INTU | CALL | TRADE | BULLISH | 06/21/24 | $330.00 | $60.5K | 5 | 3 |
| INTU | CALL | TRADE | NEUTRAL | 06/20/25 | $500.00 | $55.6K | 557 | 5 |
| INTU | CALL | TRADE | BULLISH | 11/17/23 | $510.00 | $50.1K | 146 | 30 |
Intuit's Current Market Status
- With a trading volume of 493,439, the price of INTU has up by 0.84%, reaching $518.25. Current RSI values indicate that the stock is is currently neutral between overbought and oversold. Next earnings report is scheduled for 20 days from now.
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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