Whales with a lot of money to spend have taken a noticeably bullish stance on Intuit.
Looking at options history for Intuit INTU we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $295,400 and 4, calls, for a total amount of $279,050.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $530.0 to $660.0 for Intuit over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Intuit's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Intuit's substantial trades, within a strike price spectrum from $530.0 to $660.0 over the preceding 30 days.
Intuit Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTU | CALL | TRADE | BEARISH | 10/18/24 | $11.7 | $10.9 | $11.0 | $660.00 | $110.0K | 40 | 100 |
| INTU | CALL | TRADE | BULLISH | 06/14/24 | $10.0 | $8.1 | $10.0 | $570.00 | $100.0K | 380 | 100 |
| INTU | PUT | TRADE | BULLISH | 10/18/24 | $39.9 | $39.0 | $39.3 | $580.00 | $70.7K | 144 | 18 |
| INTU | PUT | TRADE | BULLISH | 09/20/24 | $14.0 | $13.6 | $13.6 | $530.00 | $68.0K | 38 | 50 |
| INTU | PUT | TRADE | BEARISH | 06/14/24 | $62.5 | $57.0 | $61.31 | $625.00 | $61.3K | 0 | 10 |
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 US market share for small-business accounting and do-it-yourself 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.
Current Position of Intuit
- With a trading volume of 891,159, the price of INTU is down by -0.05%, reaching $571.78.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 78 days from now.
What Analysts Are Saying About Intuit
In the last month, 5 experts released ratings on this stock with an average target price of $707.0.
- Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Intuit, targeting a price of $670.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Intuit with a target price of $770.
- An analyst from Stifel has decided to maintain their Buy rating on Intuit, which currently sits at a price target of $690.
- An analyst from Wells Fargo persists with their Overweight rating on Intuit, maintaining a target price of $750.
- An analyst from UBS persists with their Neutral rating on Intuit, maintaining a target price of $655.
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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