Whales with a lot of money to spend have taken a noticeably bullish stance on Accenture.
Looking at options history for Accenture ACN we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 46% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $121,861 and 11, calls, for a total amount of $643,147.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $320.0 to $400.0 for Accenture 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 Accenture's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Accenture's substantial trades, within a strike price spectrum from $320.0 to $400.0 over the preceding 30 days.
Accenture Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ACN | CALL | TRADE | BEARISH | 02/16/24 | $345.00 | $153.7K | 875 | 79 |
| ACN | CALL | SWEEP | BEARISH | 05/17/24 | $360.00 | $121.2K | 156 | 64 |
| ACN | PUT | SWEEP | BEARISH | 01/17/25 | $380.00 | $89.1K | 3 | 38 |
| ACN | CALL | TRADE | BULLISH | 06/21/24 | $390.00 | $86.3K | 83 | 83 |
| ACN | CALL | TRADE | BULLISH | 06/21/24 | $390.00 | $48.4K | 83 | 135 |
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.
Following our analysis of the options activities associated with Accenture, we pivot to a closer look at the company's own performance.
Where Is Accenture Standing Right Now?
- With a volume of 1,091,610, the price of ACN is down 0.0% at $359.55.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 62 days.
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 Accenture with Benzinga Pro for real-time alerts.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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