Investors with a lot of money to spend have taken a bearish stance on Intuit INTU.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 14 uncommon options trades for Intuit.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 57%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $411,423, and 8 are calls, for a total amount of $311,690.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $590.0 and $800.0 for Intuit, spanning the last three months.
Volume & Open Interest Development
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 $590.0 to $800.0 in the last 30 days.
Intuit Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INTU | PUT | TRADE | BULLISH | 01/17/25 | $6.7 | $5.2 | $5.2 | $620.00 | $98.8K | 506 | 200 |
| INTU | PUT | SWEEP | BEARISH | 02/21/25 | $12.7 | $12.6 | $12.6 | $590.00 | $79.9K | 83 | 191 |
| INTU | CALL | SWEEP | BULLISH | 01/17/25 | $2.6 | $1.4 | $2.6 | $620.00 | $76.7K | 193 | 304 |
| INTU | PUT | SWEEP | BULLISH | 02/21/25 | $12.6 | $12.1 | $12.5 | $590.00 | $75.0K | 83 | 251 |
| INTU | PUT | SWEEP | BEARISH | 02/21/25 | $12.2 | $12.2 | $12.2 | $590.00 | $62.2K | 83 | 51 |
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.
After a thorough review of the options trading surrounding Intuit, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Intuit's Current Market Status
- Trading volume stands at 781,998, with INTU's price down by 0.0%, positioned at $621.45.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 35 days.
Expert Opinions 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 $765.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Piper Sandler has revised its rating downward to Overweight, adjusting the price target to $765.
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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