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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $280,785 and 2, calls, for a total amount of $71,935.
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 $500.0 to $650.0 for Intuit during the past quarter.
Volume & Open Interest Trends
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 $500.0 to $650.0 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 | PUT | TRADE | BULLISH | 01/17/25 | $650.00 | $98.3K | 12 | 11 |
| INTU | CALL | SWEEP | NEUTRAL | 01/19/24 | $500.00 | $46.6K | 605 | 6 |
| INTU | PUT | SWEEP | BEARISH | 07/19/24 | $590.00 | $46.2K | 12 | 11 |
| INTU | PUT | TRADE | NEUTRAL | 02/16/24 | $600.00 | $30.4K | 127 | 14 |
| INTU | PUT | TRADE | BEARISH | 02/16/24 | $590.00 | $27.1K | 45 | 19 |
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.
Where Is Intuit Standing Right Now?
- Trading volume stands at 577,998, with INTU's price down by -0.9%, positioned at $598.3.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 50 days.
What The Experts Say On Intuit
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $700.0.
- In a cautious move, an analyst from Susquehanna downgraded its rating to Positive, setting a price target of $700.
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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