Investors with a lot of money to spend have taken a bearish stance on Intuit INTU.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTU, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 69%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $245,318, and 7 are calls, for a total amount of $613,468.
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 $430.0 to $620.0 for Intuit during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $430.0 to $620.0 in the last 30 days.
Intuit Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | NEUTRAL | 01/17/25 | $600.00 | $257.8K | 443 | 3 |
| INTU | CALL | TRADE | BEARISH | 01/19/24 | $600.00 | $86.1K | 604 | 80 |
| INTU | CALL | TRADE | NEUTRAL | 06/20/25 | $500.00 | $70.9K | 562 | 0 |
| INTU | CALL | TRADE | BEARISH | 01/17/25 | $600.00 | $69.6K | 443 | 40 |
| INTU | CALL | SWEEP | BEARISH | 01/17/25 | $620.00 | $65.8K | 30 | 0 |
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.
After a thorough review of the options trading surrounding Intuit, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Intuit's Current Market Status
- Currently trading with a volume of 593,732, the INTU's price is down by -0.3%, now at $562.79.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 7 days.
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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