Decoding Accenture's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish approach towards Accenture ACN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ACN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Accenture. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 5 are puts, totaling $656,789, and 3 are calls, amounting to $272,780.

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 $290.0 to $400.0 for Accenture 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 Accenture'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 Accenture's whale activity within a strike price range from $290.0 to $400.0 in the last 30 days.

Accenture 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

About Accenture

Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

Having examined the options trading patterns of Accenture, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Accenture Standing Right Now?

• With a trading volume of 1,447,258, the price of ACN is down by -1.98%, reaching $340.04.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 78 days from now.

What The Experts Say On Accenture

3 market experts have recently issued ratings for this stock, with a consensus target price of $370.0.

• Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Accenture, targeting a price of $385.
• An analyst from Wedbush persists with their Outperform rating on Accenture, maintaining a target price of $360.
• An analyst from UBS persists with their Neutral rating on Accenture, maintaining a target price of $365.

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 Accenture options trades with real-time alerts from Benzinga Pro.