Investors with a lot of money to spend have taken a bullish stance on Intuit INTU.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 8 options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,343, and 7, calls, for a total amount of $295,894.
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 $550.0 to $680.0 for Intuit during the past quarter.
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 $550.0 to $680.0 in the last 30 days.
Intuit Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTU | CALL | SWEEP | BEARISH | 01/19/24 | $605.00 | $98.8K | 40 | 185 |
| INTU | CALL | SWEEP | BULLISH | 07/19/24 | $660.00 | $38.5K | 44 | 1 |
| INTU | CALL | SWEEP | BEARISH | 02/16/24 | $610.00 | $34.2K | 241 | 23 |
| INTU | CALL | SWEEP | BULLISH | 01/19/24 | $620.00 | $33.5K | 403 | 175 |
| INTU | CALL | SWEEP | BEARISH | 01/19/24 | $605.00 | $33.0K | 40 | 93 |
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.
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
Intuit's Current Market Status
- Trading volume stands at 586,822, with INTU's price up by 1.16%, positioned at $612.23.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 43 days.
Professional Analyst Ratings for Intuit
In the last month, 1 experts released ratings on this stock with an average target price of $700.0.
- Reflecting concerns, an analyst from Susquehanna lowers its rating to Positive with a new price target of $700.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intuit options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
