Financial giants have made a conspicuous bearish move on Intuit. Our analysis of options history for Intuit INTU revealed 19 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 68% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $469,214, and 8 were calls, valued at $607,866.
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 $510.0 to $800.0 for Intuit during the past quarter.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Intuit stands at 288.92, with a total volume reaching 1,420.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Intuit, situated within the strike price corridor from $510.0 to $800.0, throughout the last 30 days.
Intuit Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BEARISH | 01/19/24 | $600.00 | $190.0K | 600 | 15 |
| INTU | CALL | TRADE | BEARISH | 01/17/25 | $800.00 | $145.0K | 57 | 100 |
| INTU | CALL | SWEEP | BULLISH | 12/15/23 | $600.00 | $90.0K | 535 | 434 |
| INTU | PUT | SWEEP | NEUTRAL | 12/15/23 | $540.00 | $82.2K | 237 | 123 |
| INTU | CALL | SWEEP | BEARISH | 12/15/23 | $560.00 | $71.2K | 608 | 6 |
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.
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 585,300, the price of INTU is down by -0.22%, reaching $560.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 0 days from now.
What The Experts Say On Intuit
1 market experts have recently issued ratings for this stock, with a consensus target price of $470.0.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Intuit with a target price of $470.
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.
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